I liked this article at Styleathome.com
It goes straight to the point!
In Summary, this is what you have to do to create free room in your life, house, or closet:
5 things to get rid of
1 Clothes that don't fit.
2 Objects you don't like even if they were gifts.
3 Outdated papers (newspapers, magazines, invitations to events, expired coupons and calendars).
4 Things that you have more than one of. How many do you really need?
5 Broken items that are too expensive to fix.