I know this is not the thriftiest tip ever submitted but it works great for me. I had several sets of King size sheets where the bottom sheet was "pilly" and the elastic all stretched out and quite bothersome. So I went to Walmart and bought 2 different color fitted king size sheets at $12.00 each to replace those.
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I usually cut mine down and sew into pillowcases. I never seem to have enough pillowcases. When they wear out, I cut a small slit in the closed end, slip over a hanger, and use as a dust cover for my out-of-season clothes.
You might also want to donate your old sheets to a local pet center like SPCA - the animals get very cold at night and they don't mind the sheets that have pilling.
I made pillow cases out of the bottom sheets that were stretched out like that. I just measured the other cases I have and cut them a bit larger and sewed them by hand. I used them for years. Now that I have a machine I use it to sew with.
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