I started with this white skirt, which had a hole and a yellow stain on it. The elastic was crumbly, therefore completely shot. I'm estimating I bought it in 2006.
Sorry it's a dark photo.
First thing I did was cut out the lining, but I forgot to take a picture. Next, I took in the side (eliminating the hole problem), and cut off the top layer of skirt (eliminating the yellow stain and bad elastic problems).
From there, I trimmed the lining and pinned it back in.
At this point there was no elastic. It was obviously not going to fit this way, but the length was perfect!
So I took the excess fabric that I had trimmed off the lining and made a drawstring.
I threaded the drawstring through the waistband.
Cute waist high with my shirt tucked in and a bow on the side.
Cute hanging at my hips with my shirt on the outside.
And cute waist high with a belt!
All I do is win, win, win, no matter how I wear it!