This was actually a really easy refashion.  All you need is a t-shirt and some lace.  I used stretch lace, although I didn’t really have to.  As long as the armhole and sleeve are big enough that you don’t need them to stretch, you can use regular non-stretchy lace.

This is the before:

I removed the sleeves and the pocket and used them as my actual pattern pieces.  I then just re-made the sleeves & pocket out of the lace.

Here is the after:

The total cost was about $5.  The t-shirt was $2 from the thrift store and the lace was about $3.

P.S.  I will have a tutorial for the last refashion (the top with the elastic waist) up on my blog soon!