I received this pair of underwear in the mail the other day along with the Aeropostale necklace that is in my review list. I got both items by trading a coupon that I had. This came completely sealed in plastic packaging. I cut open the pouch and revealed the panties inside. There was a tag on them and they were brand new.
The style is a bikini cut. That's my favorite type of cut for undies. I really dislike string bikinis though, so I had to make absolutely sure that these were the regular type of bikinis with the thicker strips on the sides, not the type with the thin strips on the sides (String bikini).
It is made out of a combination of cotton and lycra/spandex. The material feels really comfortable and soft. I like the color, of course, because it's grey, one of my favorite colors. It reminds me of grey sweatpants, something you'd want to throw on when you want to get comfy and cozy.
I have only one complaint on these. They are cut high on the back, so that they show the lower part of your butt. Sometimes they are prone to the unfortunate state known as "The Wedgie!" Besides this fit issue, I like them and think the picot trim is very cute.