I had a similar opportunity a couple of years ago. The smell of smoke was overwhelming and it was right in the midst of Christmas bustle. I left the bulk of fabric in the garage as I washed loads of fabric (grouped by color, on hot with regular laundry detergent, not too crowded). DH quickly made me an advanced Christmas present of oversized ironing boards and we ironed miles of fabric using Best Press while watching Christmas movies. I was thrilled to have enhanced my stash and DH was glad to have solved the "gift challenge" for that year. I also got a bunch of books as part of the same opportunity and they had to air in the attic for about 6 mo before I could the smoke. Go for it--you will be glad you did (if you like the fabric)