You're welcome Izy!
Just had a question about this being binding. It's not binding, the red fabric is the backing fabric. After it's trimmed to twice what you would like your hem to be, then the corner is sliced off. I like a one inch hem that's why I trimmed to two inches. When tucked under it gives a nice full hem. If you want a 1 1/2" hem, then you would trim to three inches all the way around the quilt. This is a lot faster and less work than binding. Doubt you could use this method for a quilt that you want to enter into a contest. But, it's really durable for a kids quilt that is used and abused alot.