The term 'The Caped Crusader' is a nickname for the fictional superhero BATMAN. BATMAN is a character created by Bob Kane and Bill Finger in 1939, and has since become one of the most iconic superheroes in popular culture. He is a vigilante who fights crime in Gotham City using his martial arts skills, detective abilities, and gadgets. He is also known for wearing a cape and cowl, which is why he is often referred to as 'The Caped Crusader'.