I am totally in love with projects that involve giving new life to something old. I think it is so much more creative to use what you already have in a new and unusual way!
I love repurposing for three reasons:
1. It is thrifty
2. It keeps stuff out of landfills
3. I'm actually really lazy (and not that skilled)... And repurposing often makes things way easier than starting from scratch--you often don't have to cut out a pattern or sew a hem, for example!
I tell people that laziness is the mother of invention, at least on my part!