The following is a translated report from The Sims Hyve:
Also in Create a Sim, there are some things added. Of course, new clothes and hairstyles, but one of the coolest new additions was the body hair option. It is now possible to your Sim with a chest full head of hair or her arm somewhat subtle. The system works similarly to the tattoo system from Sims 3: Aspirations. You choose a location where you want to make her chest. Next you choose the thickness of the hair and voila, your Sim is suddenly a lot hairy. You can body hair from nearly all the usual places make, chest, back, arms, legs and even on your feet.