A multi-function carry bag in a form simulating a garment, such as a sweatshirt. Zippered pockets are provided in the ends of the sleeves, such that, when the sleeves are tied around a user's waist by an overhand knot, the pockets are conveniently available at the front. Clips are provided in the ends of the sleeves and at the waistband of the articles, enabling the sleeves to be connected to the waistband to form shoulder straps. The ends of the sleeves can likewise be connected together to form an over-the-shoulder strap. The body portion of the simulated comprises a large pocket accessible by a transverse zippered opening. The zippered opening is located above the lower edges of the sleeves, such that an upper panel portion of the article folds over the opening to conceal it during normal carry modes.