Yes, I like elastic.
No, I do NOT like elastic.
I don't care one way or the other.
I'm with RoadRaven - it drives my batty when a jersey flaps, so I'm firmly in the elastic camp. I'm also short torso'd so I rarely have any problems with them being too short. I think most of my jerseys have grippy stuff (just like on the legs of shorts) on the waist too so that they won't ride up.
"Sharing the road means getting along, not getting ahead" - 1994 Washington State Driver's Guide
visit my flickr stream http://flic.kr/ps/MMu5N
I like the elastic also. The flapping annoys me.
"Forget past mistakes. Forget failures. Forget everything except what you're going to do now and do it." – William C. Durant
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Oil is good, grease is better.
2007 Peter Mooney w/S&S couplers/Terry Butterfly
1993 Bridgestone MB-3/Avocet O2 Air 40W
1980 Columbus Frame with 1970 Campy parts
1954 Raleigh 3-speed/Brooks B72