There is nothing as liberating as having art pieces you aren't pleased with. You can do anything you want! There is no fear of destroying something, no respect.
Work on it more. Cut it. Tear it. Poor coffee and wine. Let your kid play with it. If it still sucks just throw it away - or continue having fun and make it worse...
... it could magically happen that you make something really interesting out of it ... (but don't hope for it - then you loose the liberty of destruction)
Christine works with cutting things too, but in a different way - and now she has a great give-away!