Here's some good news for women who are cutting down on their shopping expenses due to recession: a new 'zipper' dress that can be worn 100 ways has hit the fashion circuit. 

The dress, made of 120 separate zips can be converted into anything from a belt or t-shirt to a full-length evening dress.

Even the neckline, dress length and sleeve length are easily adjustable.

The first black and silver dress was handmade from Sebastian Errazuriz's design and took about two months to make from conception to final product.

Errazuriz, 31, is currently in talks with developers about putting the dress into mass production so it can be sold at a reasonable price.

"The dress was influenced by the constant changes and demands that fashion establishes every season," the Telegraph quoted him as saying.

"The idea was to create a single dress that could easily be reconstructed over and over again to comply with hundreds of variations."

"The Zipper dress can be adapted from a full-length night dress, to a t-shirt, a miniskirt or even a belt."

"Each one of them can be either separated from the rest of the dress or open to play and reveal layers or skin beneath."

"I believe the concept is particularly poignant in the current economic crisis because you can buy one dress and get a hundred different fashion possibilities," he added.

Errazuriz believes that the dress is ideal for women who want to take control of their wardrobes and wear something different every day.

"The dress is aimed at women who like fashion but who don't like being told what to wear. Women want to decide how to wear a dress and be able to adapt and transform it to fit their taste or mood of the day," he added.