The fractional quantum Hall effect at ν=2+3/8, which has been definitively observed, is one of the last fractions for which no viable explanation has so far been demonstrated. Our detailed study suggests that it belongs to a new class of exotic states described by the Bonderson-Slingerland wave function. Its excitations are non-Abelian anyons similar to those of the well studied Pfaffian state at 5/2, but its wave function has a more complex structure. Using the effective edge theory, we make predictions for various measurable quantities that should enable a confirmation of the underlying topological order of this state.