I'm a sucker for a multi-functional fashion piece and this Pencey Tube Skirt ($198) is tricky. We all agree Pencey is a new favorite designer, and stripes are always cool, so this tube skirt has Fab written all over it. The lightweight jersey fabric skirt comes in white with either black or lemon yellow stripes, and can be adjusted via ties on the sides. They call it a skirt, but I'm wondering if it can be cinched up, belted, and even be worn as a third-option tube dress. It's items like this that make my imagination run wild . . .