Basic steps to make conforming clothing into dynamic:-

Load the figure into the scene.
Import the clothing's OBJ file. Select the option to weld.
Enter the cloth room
New simulation.
Clothify the clothing.
Set to collide against the figure.
Run the simulation.

If you find that something slips that shouldn't, a patch pocket for example then assign that item to the soft decorated group.

Run the simulation again.

That is pretty much it, not that complicated.

For more details see:-
http://www.philc.net/tutorial5.php
http://www.philc.net/tutorial6.php