I made my daughter a tube skirt and used a bit of this and a bit of that. One of the yarns I mixed in was some eyelash yarn. It really gave the skirt some excitement. I think it might be fun to to do a whole skirt that way.
Yes, you can mix it in with a heavier contrasting yarn. Without seeing the red, I am guessing here. But you could mix in some sparkle gold or sparkly silver. Kind of depends on the coloring of the person you are making it for.
The cool thing about tube skirts, you can make up your own stitch pattern. The only must do is at the top and bottom. Do something at the bottom or top so it's does not roll up. I did a k4, p4 or k3, p3 for several rows so it hugs a bit and does not roll up. Or you could do alternate knit and purl rows (assuming you are doing circular needles). For the rest of the pattern, you don't need to decrease or increase the stitches. Make up your own pattern or vary it as you go. I am doing another for her friend and am sticking to a straight
Here's the link.I posted it as a FO.