Altered books provide a way for creative staff and users to continue the life of a withdrawn book. There are many sites for guidance in creating altered books. This could be a program in the library. Find a local artist that will undertake the planning of the program. Some libraries' friends' groups are creating purses, furniture and art out of withdrawn books and then selling them for $20 and up. A quick look on ebay even found some altered books going for over $100!
A great place to start is: