The term upcycling was coined by William McDonough and Michael Braungart, authors of Cradle to Cradle: Remaking the Way We Make Things. It simply means taking something that seemed to be destined for the trash and turn it into something useful. This results in less waste and even can save money through reusing and not having to buy again.
Many companies and individuals today are finding very creative ways to turn items destined for landfills into products that can be sold. A true green enterprise. Examples of upcycled products on the market today are: reusable bags made from old plastic bags, recycled plastic bottles or t-shirts, purses made from used seat belts. TerraCycle, Inc. now has many products that fall under the category of being upcycled. They sell bags which are made from Oreo wrappers and even backpacks made from Capri Sun drink pouches.
For upcycling ideas: Clever Reuses For Common Household Items