The interpretation is quite obvious, as the execution is that of an upside-down box. The upper is striped in two shades of grey, and the sole is rich red, like the lids of that era. The pull-tabs even feature barcode-esque detailing and, best of all, the left and right shoes have their stripes mirrored. Very satisfying.
They will be available shortly from Finish Line and other Nike retailers.
The box was referenced recently with the Air Max 1 Anniversary retro: