Go for it!
I have taken traditional basket weaving classes and used those skills to make lots of stuff. Also, and this is better in my opinion, to repair wicker furniture. I have salvaged numerous items that were bound for the trash, repaired, used, gifted, sold and thorougly enjoyed!
Basket weaving can be expensive or not depending on how creative you are in seeing non traditional supplies lying around. Fabric baskets are super and a great way to use up bit and pieces.
Enjoy enjoy!!