Yes, I believe the name is "cutter quilt". I have made many a quilt from clothing no longer wearable. I've never charged for these because they usually came from a family member request. They don't last as long as 'newer' material will, they do fray in spots. Recently repaired one my daughter has had for 15 years..she just cannot part with it. It's one of the first quilts she received from her 'outgrown' clothing. The designs I've used with older fabric quilts, just depends on the mood at that time.