At one point of time, velvet was affordable only for the rich and aristocracy, when velvet pants was only made in silk. But nowadays since it is made using other manmade and synthetic fibers, velvet is used commonly in clothing. There are no limit to what you can make with velvet. Jackets , pants, vests, blouses, bags, gloves, shoes, dresses and what not.
The pile on velvet is a result of cut pile yarns. Velvet fabric is available in many grades. You get velvet in silk as well as synthetic bases. The ones with synthetic base like rayon is inexpensive. Velvet is available in many shades of vibrant and vivid colours.
Velvet is increasingly being used in home decor as well for making upholstery coverings and curtains. It can also be used for upholstery. This is a very soft velvet with a great drape. It is very lightweight when compared to the cotton velvet but very expensive.
This fabric is also inexpensive when compared to silk velvets. It is actually a microfiber with velvet qualities. It is used to make casual wear and semi-formal dresses and for upholstering. It is stain and water resistent and very easy to wash.