Semantics (or, what's in a name?)

Today I learned what I hope is a very valuable Etsy tip: use all 14 of your available tags! Doh! So, in going through my items and tagging them very descriptively, I have run into a conundrum: what's the real difference between recycling and upcycling? So far, I kind of feel like upcycle is a made-up word; like a more trendy version of recycle... unless to upcycle is a just a different way to say repurposed. I just bought something on Etsy that was described as upcycled, and this got me to thinking, what about the gift tags and the vase I've got listed? Are they recycled, upcycled, or both?