Not sure if this count as a refashion.....but I did transform something from not so attractive to me to something I would love to wear. I bought this Silk Tweed Chanel-esque Jacket as part of a skirt suit at my local Thrift store last month. It was blah and matronly on me so I added some velvet ribbon from my stash to jazz it up a bit.
The Jacket After (with the navy velvet ribbon):
It only took an hour to do and now I love it. You can see more on my blog.