I admit it. I have a problem letting things go. It's hard for me to say, "This item is completely unusable. Its time has come. Let it go, for heaven's sake!" A pair of ratty pants, patched multiple times, finally given up on and put in the trash... oh, the immense guilt that ensues!
Yes, there is the option of turning clothing past its prime into rags, but I always think, "There must be some way to keep this usable as clothing."
I happen to like socks. Knee high socks. Argyle ones in particular. My recent admission that I do not mend socks means that I regularly have to throw out socks that are perfectly fine everywhere except the bottoms. I have a few long argyle ones that developed holes long ago that I never wear, yet haven't mustered the courage to put to rest in the trash can.
As I was about to finally man up and throw these away the other day, I realized there might be a chance to save them. I put one on my 3-year-old and pinned it so that it comfortably fit her little leg. I then took it off and cut along the pins, leaving the top of the cuff intact.