A high-waisted plaid pencil pant from American Apparel? Yes, the American company made a private school and business pattern pretty hip. This form-fitting plaid pant is made up of 94 percent combed cotton, 6 percent lycra rocket twill construction. Rock this four-way stretch twill printed pencil pant ($98) with an oversize bold bright red or kelly green sweater or show off your midriff with any color top.