Here are some links focused on repurposing clothing.

http://www.crookedbrains.net/2013/05/cre...

http://www.tipjunkie.com/post/repurposed...

http://www.buzzfeed.com/sewstacie/39-way...

There are also a number of books on the subject, presenting ideas and projects for making use of old clothing (material) to create new looks.

http://www.amazon.com/Little-Green-Dress...

http://www.amazon.com/ReSew-Thrift-Store...

http://www.amazon.com/Sweater-Chop-Shop-...

generally wash it, take if off the hanger the next time you dress