Well if you've got Unlimited 7 you could use Maya Hair (6 might have it as well, don't remember)... Another alternative is Shave and a Haircut, but I have no idea if it's got simulation for animation... Other posibilities would be to make it with alpha mapped planes of paintFX and then animate if by hand...
Sephiroth rules!
Liter is French for 'Gimme some ****ing cola before I break vous ****ing lips!"