I should have known better! It's not the bolts of fabric above the price that are $1.99 - it is the stinkin' FQ's below the fabric :( Most of the FQ's were gone, so I didn't even notice at first.
But - I am still going to get 1 yard, at least once a week (more if I can) and use a 50% coupon. So still 1 yard for under 4.00 or so is not that bad. The one I got yesterday was only $2.00.