The Theory Deep Pleat Pants feature a tailored front pleat, high-rise waist, and a cropped wide-leg silhouette, crafted from lightweight, wrinkle-resistant twill that's ideal for travel and everyday wear. The Theory Deep Pleat Pants feature a tailored front pleat, high-rise waist, and a cropped wide-leg silhouette, crafted from lightweight, wrinkle-resistant twill that's ideal for travel and everyday wear. Established in 1997, New York-based Theory creates cool, expertly tailored clothing from the finest materials designed to inspire how you feel, work, and live.