This type of material makes the skirt resemble the likes of a tube skirt, but is more formal and of seasonal versatility. I can wear outside a pair of jeans or strechpants and roll it up above my waistling if I want to change my appearance. Either way a "high waisted" item as this keeps the beltline warmer  against cold winter winds.
  The stretch fabric is extremely comfortable and insulates my lower half up to my midsection.