Possibly... I was going for more of this lookhttp://www.potterybarnkids.com/products/sullivan-patch-quilted-bedding/?pkey=cboys-quilts&#viewLargerHeroOverlay
Probably without the fancy stitching on top though, that looks complicated :-)
But how is the "rag" part made? Do u just leave the seams out and let them fray on their own?