Go dancing in custom leather for cheap.
Step 1: Acquire scrap leather
I found mine at the East Bay Depot for Creative Reuse in Berkeley in the form of an old belt (pink), an old skirt (green), and some furniture cover samples/scraps. Other good sites for scrap leather acquisition: Dollar-A-Pound in Cambridge, MA; yard sales; Goodwill; your grandmother's attic; butcher shops for the real DIYer.
Fake fur makes an especially tasteful accent; be creative.