This is a flawed concept.
If you need a bunch of extra closet space-- so much so that you are willing to hang your clothes in the tub -- there would be more than 3 articles of clothing on that rack.

The whole point of taking a tub bath is to relax and luxuriate. Do you really want coats and jeans hanging in your face while you soak?

Also... mildew?

Hahahahaha. No

Wow... That is quite possibly the dumbest thing I have ever seen.

Actually, it IS the dumbest thing I have ever seen.

This a dumb idea. I like the idea of combining to uses for furniture, but this isn't usable.

I was purely thinking of an all cedar bathtub when I answered. I love the idea of being able to hide the tub too, I think that is more the point.
In an apartment like mine, I could never fit a tub in the bathroom, but something like this could go somewhere else in the house.

The picture with the man in it reminds me of the painting 'The death of Marat'.

This is awesome. I would love my closet to come with a tub and a Scandinavian.