So, what do you do? Wear it only around the house to do chores till it can be worn no more? Send it off to the clothing recycling centre? Use it for dust rags? Grab some nylon sewing thread to suture it and hope no one will notice? Just go out and buy something new?
To that I say nay! Honour the history of your cherished item and wear your repair work with pride, darn it!