I have an oldie I guess, bought it new in "94" I think. I have used it a lot for mending, hemming etc. I wouldn't be with out one myself. I just used it this week to hem jammie bottoms (flannel), have one more pair to hem too. I have a pattern for a quilt you can do on a serger! I wouldn't spend big money on it, you can get a decent one for around $200-$300. A lot of people including myself don't use it to the full potential! :-)