Here's an attempt
using the generalized binomial theorem
which doesn't work for this case
but I find interesting anyway:
Let
$f_m(x)
=(1-x)^{-m}
$.
For $|x| < 1$,
$\begin{array}\\
f_m(x)
&=(1-x)^{-m}\\
&=\sum_{n=0}^{\infty} (-1)^nx^n \binom{-m}{n}\\
&=\sum_{n=0}^{\infty} (-1)^nx^n \frac{\prod_{k=0}^{n-1} (-m-k)}{n!}\\
&=\sum_{n=0}^{\infty} x^n \frac{\prod_{k=0}^{n-1} (m+k)}{n!}\\
&=\sum_{n=0}^{\infty} x^n \frac{(m+n-1)!/(m-1)!}{n!}\\
&=\sum_{n=0}^{\infty} x^n \binom{m+n-1}{m-1}\\
\end{array}
$
For $x \ne 1$,
this allows a value to be assigned
to $f_m(x)$.
Unfortunately,
this does not work for $x = 1$.
(Letting $x \to 1^-$
might lead to zeta function territory,
but I don't know enough
to do this
off the top of my head.)
Examples:
Setting $x = -1$,
this gets
$\sum_{n=0}^{\infty} (-1)^n \binom{m+n-1}{m-1}
=\dfrac1{2^m}
$.
(For $m=1$,
this is the usual
$\sum_{n=0}^{\infty} (-1)^n
=\dfrac1{2}
$.)
Setting $x = 2$,
this gets
$\sum_{n=0}^{\infty} 2^n \binom{m+n-1}{m-1}
=\dfrac1{(-1)^m}
=(-1)^m
$.