Long-Sleeve Graphic T-shirt

Lately I've been hooked on lace refashions. I saw this shirt and knew I had to try it. Unfortunately, I am disappointed with the results of my first try.
Inspiration: Free People Long-sleeve Graphic Top

My 1st version:

I still wear it, but there is a lot about this shirt I'm not happy with. I made the sleeves too big and when I attached them, they became pleated. They are baggy too. You may not be able to see in the picture, but the back has blue and navy stripes. I don't really like the dark on the back with the white on front.Since I'm not happy with the results, but like the idea, I will be trying it again. I'm thinking a short or 3/4 sleeve version for round two.