I think it's just adorable! I would love to put a yellow or blue blazer over it :) Unfortunately, I don't own either of those things at the moment! haha
I lespecially love this because my grandfather was a lifeguard on the jersey shore in the 1930s and it reminds me of the bathing suits they had to wear... my aunt has a photo of it, I wish I had a copy.
At any rate here's some old fashioned shore inspired music for your listening pleasure, The Drifter's All-Time Greatest Hits Under the Boardwalk: