How to make ripped/torn cloth? I want to make a simple tear in a piece of cloth (the cloth itself was made with the cloth sim) Ideally, the torn strip should hang realistically, but I don't need it to be animated.

I'm aiming for a threadbare look, as shown below, with the little bits of string fuzz around it.



I also need the torn fabric to be hanging down, not just a hole in the model/texture.



Is there a tool or add-on to do this "simply," other than manually modeling it? If I do have to make it by hand, how should I go about doing it?
I would combine the two options above, and use use the V key to rip edges in edge select mode to outline the strips that will fall. I would still suggest alpha texture to get the edge roughing and then possibly look at the stuffed animal tutorial on CGCookie, using particles for the fuzzy stuff. Of course, the cloth sim would need to be rerun or manually unfold the strips. You might add some weight to the vertex group to make them hang.