In arXiv:1208.3930 we argued that string theory at the tip of the cigar
geometry, obtained by a Wick rotation of the Schwarzschild background, exhibits
unexpected features that include degrees of freedom that are confined to the
tip. Using the exact worldsheet description of near extremal NS5-branes we
further study string theory at the tip of the cigar and find more evidence to
its surprising properties.Comment: 25 pages, 2 figures, v2: Added reference, v3: Added referenc