I like the second pic too. I cut mine like this but it never looks good. Another pinner: I have curly hair so I can never cut my hair this short without it turning into an afro but if I ever got a pixie cut I want it to look like the second pic
This is a unique way to show off lace curtains. The top fabric can be an off white such as this, a different color lace, a print fabric or can be a solid color brought in from accents in the room. The pleating is called "Ripple Fold"