The H I mass function (HIMF) for galaxies in the local universe is con
structed from the results of the Arecibo H I Strip Survey, a blind ext
ragalactic survey in the 21 cm line. The survey, consisting of two str
ips covering in total similar to 65 deg(2) of sky, with a depth of cz
= 7400 km s(-1) was optimized to detect column densities of neutral ga
s N-HI > 10(18) cm(-2) (5 sigma). The survey yielded 66 significant ex
tragalactic signals, of which approximately 50% are cataloged galaxies
. No free-floating H I clouds without stars are found. VLA follow-up o
bservations of all signals have been used to obtain better measurement
s of the positions and fluxes and to allow an alternate determination
of the achieved survey sensitivity. The resulting HIMF has a shallow f
aint-end slope (alpha approximate to 1.2) and is consistent-with earli
er estimates computed for the population of optically selected gas-ric
h galaxies. This implies that there is not a large population of gas-r
ich low-luminosity or low-surface brightness galaxies that has gone un
noticed by optical surveys. The influence of large-scale structure on
the determination of the HIMF from the Arecibo H I Strip Survey was te
sted by numerical experiments and was not found to affect the resultin
g HIMF significantly. The cosmological mass density of H I at the pres
ent time, determined from the survey, Omega(HI)(z = 0) = (2.0 +/- 0.5)
x 10(-4) h(-1), is in good agreement with earlier estimates. We deter
mine lower limits for the average column densities (N-HI) of the galax
ies detected in the survey and find that none of the galaxies have (N-
HI) < 10(19.7) cm(-2), although there are no observational selection c
riteria against finding lower density systems. Eight percent of the si
gnals detected in the original survey originated in groups of galaxies
whose signals chanced to coincide in frequency.