I recently noticed the Expanding Universe Tank on Anthropologie’s website and thought it was a really interesting treatment of the striped fabric. I happened to have a striped knit here with me in Alabama, and thought I would give it a go.
Here is Anthro’s Tank Top (the picture is a link to the site.)
And then here is mine (gotta love the bad cell phone picture on the hotel room bed….sigh, not pretty blog awards for me!!!)

I pretty much just folded the pleats up on one side, and then stitched them in place along the bottom, I then added a gusset to create the angled line at the neck like on the Anthro version. I then just treated the fabric as normal and cut out the front of a tank top with the pleats on the one shoulder. The back is just horizontal stripes.

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Wow! I LOVE it! If I ever find the time, I’ll have to try this.
@Evan Becky Thanks so much!