Does your daughter have a favorite dress that she has grown out of? Consider recycling it into her favorite skirt! When my daughter was 2 years old, she loved her "butterfly dress," and it later became her little sister's favorite dress. But this summer it's too small even for her, so we made it into a skirt for her older sister who is glad to have it back!
I simply cut the top of the dress off--in this case right under the arms.
I ironed and sewed the raw edge down, and that was IT!
I used part of the cut off top to make a matching hair clip. That actually took longer than the skirt did.
And in case you're trying to do this and came across this question, I left the button below the cut off intact. For this skirt to go on and off, it still needs the button. And I left the tie on because it's cute and gives a better, more versitile fit.