Found an old picture yesterday

I was cleaning out some drawers yesterday and I found an old picture. It was of myself and 3 of my friends in our speedo briefs horsing around in the hotel room on my first college Spring Break trip to Daytona Beach. The picture is tattered, torn and faded but it brought back memories of that trip that I will never forget.

Does anyone know if one can have old photography restored? I would like to restore this one if possible.