I really don't know how much I have...it could be that much..I have a closet full arranged by colors, a cabinet half full, a dresser upstairs full, another dresser 3/4 full, baskets full, and then tubs full of projects started, or fabrics pulled, strips, etc. I have collected fabric for a looooonnnnggg time though so it really doesn't seem like I spend a lot...I spend way less than I used to...just need to find time to start using some of it again.