I had a red chenille tunic - got a hole in it which I just couldn't repair - ripped it all down - I knitted much of it (all into stockings) before last Christmas and they were sold either for the local Cats Protection branch (Nationally, it's the largest UK cat rescue) or for a small development charity which works in The Gambia. They've sold very well - the typical purchase being "one for each grandchild" I understand.
The little bits left over will become Poppies for a Remembrance Day display