save my shirt!

[everydaysuicide.livejournal.com]

i have a 5/6yr old silverchair neon ballroom tour shirt that is extremely well-loved (and it shows =X). it was once black, but has reached that faded stage where only the collar is dark, and holes are beginning to form in the seams of the armpits.

any suggestions on how to give it a second life in some other form?
i would wear it to bed until it falls off my body, but would really like to save it from that almost certain, depressing doom, if possible. : {

thanks♥