Launched last night, the exhibition features outfits from the annual events, which were run from 2001 until 2012 by Wanaka women, Theresa Goodwin and Kate Paterson-Ross.
Over the years, a variety of materials have been used in the creations, such as car tyres, mirrors, bottle tops, water balloons, condoms, bubble wrap, possum skins, safety pins, bandanas, papier mache, old bed springs, wheat grass and ice.
''It was a shame that they ended up in attics, boxes or the tip,'' Warbirds and Wheels manager Ed Taylor said.
He contacted Ms Goodwin to provide the names of those entrants who might wish to restore their creations to the limelight and ''every single one of them said yes,'' he said.
The eight creations on display include a dress made from shotgun cartridges, two outfits crafted entirely out of zips and Bin Taken fashioned from more than 400 knives and scissors confiscated at Queenstown and Christchurch airports, in the wake of the 9/11 terrorist attacks in the United States.
Next year's show will be run by the new organisers, Wanaka's Sarah Shore and Anna Mackay. Mrs Shore said they had already begun planning the event.
''[We] are really excited about taking over. We've got some pretty big shoes to fill but we hope to put our own little stamp on it.''
Both women have entered creations several times themselves and appreciated the permanent opportunity for people to see the creations close-up and hopefully become inspired by them, Mrs Shore said.
''Its absolutely fantastic and makes you appreciate the hours and hours that go into them.''
Mr Taylor hoped the exhibition, based in the art gallery, would be updated with new creations after each show.