I made handwoven ponchos a few years ago, when they were all the rage, and still had some left. This tan one in particular was a nice, thick wool. I had been asking $80 for it as a poncho. But I decided to sew up the neck opening and turn it into a bathroom rug. Not exactly economical, but woo-hoo, is it ever soft. That's because I felted the daylights out of it. DH is putting a bit of non-slip tape under it to keep it secure. It looks better in real life.
Everything can be turned into something else.
dj runnels
Life's an Expedition