Corey,
Yes, that is ric rak, there is a funny story behind that. My daughter knew I was making the quilt and I made the mistake & asked her if she would like a real narrow red border septarating the outer border & inside border, well she no. So I went with her suggestion & afterwards I couldn't complete it because it just didn't look right. So I came up with the solution of red wide ric rak, then I bought the striped b&w material to make binding. I was happy & she was extremely happy. I learned a valuable lesson go with your on instincts and never ever ask a non- sewer/quilter for opions. And Corey pick out a quilt pattern that pleases you & just go for it. I think you always learn something new each time you make a quilt, it's always a learning experience. If you are just starting, maybe a wall hanging would be a good start. Have fun!