You'll be able to do all sorts of things with your machine. You will need to use needles appropriate for the size of thread you are using. Basically the thread should fit into the groove on the front of the needle you are using. You may also be able to use a double needle with your machine. You can use regular thread in the bobbin. You may need to adjust your tension slightly.
Check out this website:
http://crazyshortcutquilts.blogspot.com/
She's also got a ton of videos on YouTube to do with quilting. Very helpful.
Here are a couple about choosing needles:
http://www.threadsmagazine.com/item/...eedle-know-how
http://www.threadsmagazine.com/item/...es-an-overview
There are lot's of threads on the board to do with this subject. If you go to 'Search' and try 'needles' or 'thread' you'll probably get lots.
Here's one:
http://www.quiltingboard.com/t-51072-1.htm
And another:
http://www.quiltingboard.com/t-10544-1.htm
Hope you have fun! Crazy quilts are gorgeous, and if you have any interest in hand embroidery you can do extra embellishment the old fashioned way.
Happy quilting!