A disposable pant-like undergarment is disclosed having stretchable front and back panels. An elastic band is secured to at least one of the front and back panels. The elastic band has a retracted length less than the retracted length of the panel to which it is secured. An absorbent assembly including a liquid pervious bodyside liner, a liquid-impervious outer cover, and an absorbent positioned therebetween, is secured to the front and back panels. The absorbent assembly is capable of being folded to enable the front panel to overlap the back panel. A pair of seams joins the front panel, the back panel and the elastic band together at their side edges to form a pant-like undergarment having a waist opening and a pair of leg openings. The elastic band creates a snug fit at the waist opening.