Hair simulation, unity 4 or unity 5 (cloth?)

I was looking for information on hair simulation in Unity 4 or Unity 5? But I can’t find anything significant. Is the only approach to use cloth simulation. I tried that on one character and the program slowed to a crawl.

I found these videos on youtube of hair tessellation from 4 YEARS ago.

Is anything like that possible in unity?

could this be what you are after?

http://docs.unity3d.com/Manual/class-SkinnedCloth.html