From here the possibilities are quite endless. It can be overbust or underbust (just cut it to your desired height.) you can use tape to put a design on it, or cut it again to allow more lacing. Folding tape along the edges in a contrasting color to finish it looks neat.
When you have it the way you want it, take a hole-punch (or a nail) and put an even number of holes in the front (5-10 per side.) Lace it up and you're ready to go! (Well, you my want to find something to wear with it, first.)