Paying for clothes is so last season. Chic, savvy, conservation-minded consumers now update their wardrobes by taking part in clothing swaps. All you have to do is gather up gently worn items from your closet, bring them to a central location, and choose from others' castoffs. Everyone gets the chance to find new looks without contributing to the rampant waste in the textile industry. 

Organizations such as Clothing Swap, Swap-O-Rama-Rama, and Buffalo Exchange set up the fashion-exchanging events. Or consider hosting your own. Invite friends, set a minimum number of pieces for each to bring, and trade away.