Thanks everyone for your input. I think I will keep it although I will probably go for the cardi route. It's hard to show how poufy it looks in the photo - both the neckline and the bottom hem is gathered/pleated. It sort of looks like a bubble-hem skirt.
Shell & San - I do appreciate it and I feel bad giving the clothes away but honestly, I have been asking my mom for about the last 10 years to stop buying me clothes. I even tell her that I'm going to give items to goodwill and that doesn't seem to faze her. Like I said, alot of what she gives me are her castoffs - things that she decided she doesn't like anymore or doesn't fit her properly which is hard for me because she's about 4 sizes bigger than me. I guess she'd rather have me give it to goodwill than take it there herself! My recommendation - gift cards!!!
Nicole, thanks for the color input. I have to keep my eye out for a green cardi. I was thinking some shade of yellow might work too but I wasn't sure if that was more of a spring/summer color. I am totally color handicapped - most of my closet is black and I am trying hard to break out of that rut. It's funny because most of my ethnic clothing (which I wear very rarely) is in bright, beautiful color combinations and yet my day-to-day wardrobe is very blah in comparison. I am really loving all the beautiful, saturated jewel tones out there right now - the teals, deep purples etc and have been trying to incorporate more color into my life.