To Re-Gift?

To the unknowing eye, these labels may look similar - but there is a huge difference in 'snob appeal'.
As with most holidays, I received many gifts which I will probably never use.
In years past, I would wear gift items once in an effort to show that I liked what was given to me.
But the past couple of years I've just kept the tags on the items just in case I'd meet someone who would appreciate things for which I'd have little use.
I always feel like the parent who receives an ashtray made by his child that looks like a big painted lump of clay.
I'm no clothing snob but I only like the labels and styles that I like.
What does one do with a closet full of clothes which he will never wear?
Do I re-gift, give them to the Goodwill or do I return them all and take the money to a store at which I'd actually shop?