old into new

"Old fades into the new..." Zero 7. I think this quote means that anything thats old can be turned into something new. Say you have a old pair of pants well you could patch them up and put something on them to make them look brand new again. You can always change something to make it seem newer just add something and fix it up a little. Also Old fashion from like the 60's is coming back and becoming cool. So that kinda means that old fades into new. Maybe I should take the quote so literally because maybe it doesn't mean old into new like redoing a pair of pants. Maybe it means something like recarnation. When someone is very old and they die some religous people think that they get "reborn" into a new person. So basically they come back to earth as someone else. They think that at the same time someone dies, a new baby is born. If I think of it in that way I guess I agree because the old does die off and becomes new again once they're reborn. If I believed in being "reborn" I think I would be born to being a guy because I'm a very guyish person.