I have had this hideous 80's dress in my closet for about 5 years now. I got it at a second hand store very cheap and couldn't resist the 80's pattern and red zebra fabric. However, I have never once worn it in public, so I decided that if I messed it up, it wasn't that big of a loss. Here's the before pic.
I started by cutting off the awful piece attached to the top of the skirt. I cut it as close to the garment as possible.
gone
Next, I cut the top away from the skirt and black elasticy waist part. I left about an inch under the top of the dress because I thought I may be able to use that later. I hemmed the top part of the skirt down, making sure to fix up the zipper so it would be a good waistband for the skirt.
I tried the skirt on and it fit perfectly as a nice trendy pencil skirt. Right to the knee, perfect for church. :)
I decided to try the top part on backwards and it worked really cute as a short jacket to match my skirt. I pinned the zippered sides under, sewed them up, and voila! a matching bolero!