Not working, and it's not working for a very obvious reason.
This is THE SAME, as the method patched back in December you know - do action, drag shirt into hands, cut shirt, crash. The only difference is that raincoats and shirts produce different things (armbands vs. rags). via the same exact process. Then you had another one where you'd spam H cancel action, and do some other stuff.
You're more likely to have the server restart on you while you're trying to do this than for this crash method to succeed.