This is not the poem that you are looking for, but one I came across to be given with a child's quilt.
This quilt is made of cloth and thread
To place upon your little bed
It’s not an heirloom just to keep
But to lie upon as you count sheep
Or perhaps the floor’s the perfect place
For a doll and teddy bear picnic space.
This quilt can be anything you dream
From superman’s cape to the robe of a queen.
Pretend it’s a raft adrift at sea
Or just cuddle up when you watch TV
So use it up and wear it out
I promise I won’t yell or pout
Just tell me when its days are through
And I’ll make another just for you.