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It's also possible to make conforming clothing into dynamic clothing:

http://www.renderosity.com/mod/tutorial/index.php?tutorial_id=868

I think 99% of skirts should be dynamic, but you can either fit conforming shirts or pants this way if they are made with 1 piece mesh - may have some small adds as a buttons, pockets etc, but main cloth must be 1 piece.

• Import cloth obj preserving groups
  - Pose your figure to fit cloth as well as it possible. You can use scale whole body, body part, morphs etc.
• If your cloth fited quite good set your simulation few frames only 3-5, if your figure is very different then default conforming figure make simulation longer. In most cases 15 frames are sufficient.
• If some parts (buttons, pockets) fell down during simulation, check them as a rigid or soft decorated groups in clothing room.
• In last simulation frame edit => restore your figure and add desired morphs. Calculate simulation.
• On last simulation frame "spawn morph target" on your cloth. Set dynamic = 0 and new morph = 1.
• Export morphed cloth as an obj. REMEBER check "save groups names".
• Import saved obj (DO NOT CHECK "make polygon normal...") and convert it to figure in set up room.

If you used used conforming clothes which need morphs only, you can use bone from this clothes. If you used clothes, which should be conformed to different figure (for you wanted to make Vicky wearing Michaels pants) use bone of figure which is being weared. Optionally you can later delete useles bones as fingers etc.

This is free version of "Wardrobe Wizzard" ;) This way you can convert almost all clothes. Using constrained and choreographed groups you can fit either few meshes props, but it is more complicated. Only armors and fantasy clothes are very difficult but real armors did not changed theirs shapes too ;) Poor knights must keep theirs shapes.