As part of my goal to purge every room in my house by next month, I recently took on my closet which was stuffed full of stuff that I wasn't wearing because it was too big or I just wasn't that into it. I filled two huge Rubbermaid containers with clothes that are fine except for one or two tweaks. For example, this navy pencil skirt was a pair of wide-leg shorts until I cut them open. Straight seams down the front and pack and I have a skirt with pockets!
I bought two of these very light-weight cotton shirts in January 2010. The other got a basic redo - taken in, sleeves shortened - but this was a little more in depth. I wanted a shirt that was more casual, so I picked the stitches out of the collar to remove it. Then I took in the sides by a few inches and the arms by about an inch and cut the bottom hem straight across to give a more finished edge without having to tuck it in (bonus!).
I still wanted a shorter sleeve but I decided to add a little bit of interest by cutting off the shirt cuffs and rolling up the sleeves. I went ahead and tacked them in place to make sure everything was secure and used the cuffs to create tabs. They are just decorative, but I still really like this detail.