Textiles production processes such as sizing, scouring, bleaching, mercerizing, dyeing, printing, and finishing are characterized by a huge consumption of water, energy, and chemicals. The toxic effluent discharge generated in these processes mainly contains by-products, residual dyes, salts, acids and alkalis, auxiliary chemicals, and other solvents. Their discharge into neighboring water bodies is posing a serious threat to the flora and fauna. At present, however, development in the textile and clothing industry has focused on the use of some green technologies as alternatives to conventional wet processes to promote sustainable production and consumption of textiles and clothing. In recent years, emphasis has been put on developing cleaner, cost-effective, and value-added textile products for a variety of applications without compromising the issues related to health and the environment. This chapter is intended to provide a summary of recent developments in the coloration and finishing of textile fibers and to provide details of the ecofriendly strategies developed to reduce the waste generation in the textiles and clothing sector. Finally, their implications in the sustainability of clothing products are also outlined.