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. They can be seen here.
You can have fun with upcycling. You can take items from your home and with your children come up with craft ideas made from recycled materials. Who knows, maybe you can make things that you can sell to others. You can make money while reducing your carbon footprint.
For upcycling ideas: Clever Reuses For Common Household Items
Green Your Junk: 16 Creative Ways to Upcycle Before You Recycle
