It was also a popular grunge look, such as in this grunge-era Pearl Jam picture:
In recent years, Givenchy and other designers have shown this style, such as this Givenchy pre-Fall 2012 look:
But unlike many runway looks, tights under shorts appears to be taking to the streets now. Rather than write more about this myself, I'll refer you to an excellent blog entry by Tobe Okocha: Tights Leggings and Meggings which includes history as well as current trends. Like Tobe, I give this style two thumbs up, and have been wearing it myself:
While this isn't suitable for hot summer days or cold winter days, it's great for much of the year. It can be adjusted to the temperature with thinner or thicker tights, and by adding lightweight and heavier hoodies, sweatshirts, or jackets.
What do you think of this new trend? Have you seen it yet where you live? If you're a guy, would you wear it yourself?