The washed quilt does not look that bad and I hope that ironing and stretching helps you feel better. I always wash my quilts because I love the puckered look. Would it help to square it off again and cut it a little smaller then rebind with new binding that has been washed. A sofa or lap quilt is always nice to have. If you think you will worry about it too much, the idea of the IOU was a nice thought or make another quilt that is a easy pattern to put together. Good Luck! :thumbup: