A solar-like pre-main-sequence star (TJ 108pH187pLRLL 35pHMW 15) in the extremely young cluster IC 348 has been found, which apparently experienced an eclipse lasting ∼3.5 years, much longer than has ever been detected for any normal eclipsing binary. The light curve is flat-bottomed and rather symmetric, with a depth of 0.66 mag in Cousins I. During eclipse, the system reddened by ∼0.17 mag in RϪI. We argue that the eclipsing body is not a star because of the small probability of detecting an eclipse in what would be a very widely separated binary. Instead, it appears that the eclipse was caused by a circumstellar or circumbinary cloud or disk feature that occulted the star, or one of its components, if it is a binary system. We emphasize the importance of more detailed study of this object, which appears to be a new member of a small class of premain-sequence stars whose variability can be firmly linked to occultation by circumstellar (or circumbinary) matter.