my car had ten years' worth of highway chips and the lenses looked like crap. when i got an hid upgrade with some nice hella projectors, i thought about getting new housings, but was rather taken aback by their 630+ EACH price. yikes.
so my gearhead roommate helped me out and we restored them for about 25 bucks, following a similar process, although a little more complicated:
first we wet sanded with three successively finer grits: 800, 1500, and 2000. then we used rubbing compound, followed by a compound called "plastic x" (which also works ok on plastic convertible rear windows), finished off by a regular wax to add some protection. lenses came out looking new!
pictures of the headlight upgrade