That's a "cutter quilt" Cut it up and make small items from it. I have a picture where they framed an old piece of a quilt, but cut the mat out in the shape of a teapot. I purchased it a high end boutique in CA some years back. I have also used cutter quilts to make greeting cards...just cut out hearts, flowers, etc, and buttonhole stitch them to the cardstock. (I even used my machine to do this) And of course, there is always potholders!