Via Matthew Yglesias and Feministing, Time on facial hair throughout the years:
Goatee First seen on rebels like Johnny Depp, this quietly defiant display of masculinity may have been part of a backlash to feminism.
Uh, huh. Yglesias's commenters home in on the real reasons:
I thought people grew those to camouflage their double chin, or to compensate for balding.
The goatee is the combover of the internet age.
Sounds about right to this bald guy with a receding chin...