You know, I don't like messing around with my Saree. I like them the way they have always been worn. So far, I haven't experimented in drapes other than the traditional ones. However, when I saw this video (scroll down to the bottom) I was compelled to give it a shot, and I have to say I love it. I draped it a tad bit differently from the way it was shown in the video, but the basic concept of it remained the same. Do let me know if you happen to give it a shot too.
Saree - Inherited from Mom
Watch - Inherited from Grandfather
Waist Watch - ASOS // Similar
Earrings - Bauble Bar // Similar
Rings - Haathi Chai