In waking life, clothes protect, conceal and reveal and so in dreams they depict the façade, or persona, you create for other people; by so doing, they tell you where you may be vulnerable or exposed in waking life. The colors and condition of your dream clothes are especially important as they may symbolize how you are feeling about yourself, or how others perceive you. For example, if you were dressed in brightly colored designer clothes and were basking in the admiration of others, this may indicate good self-esteem, whereas if you were dressed in dark, shabby-looking garments in dreamland, and you felt miserable and self-conscious, it may be that this is how you are feeling in the real world.
Dreams about clothes can often focus on whether you are wearing the right outfit for the right occasion. For example, you may turn up at a party dressed totally inappropriately, you may have problems getting dressed, or you may find yourself walking naked down a busy street. Such dreams are rarely about sex and more about feelings of vulnerability, although they are sometimes about freedom from inhibitions.