To me, it appears to have a connection to Golden Books. There is a nice line of Golden Books fabric out now and you may find some that would coordinate nicely with yours.
Here is a quilt that I made for my granddaughter from fabric that I hated to cut up also. I made it into large blocks of fabric with black sashing. It might give you an idea of what to do with it.
http://www.quiltingboard.com/t-79671-1.htm