Thanks everyone. I think a washing will resolve the one side issues, they are not that bad.
I think I am going to try to pick out the quilting and then work on the extra fabric. But I do like the idea of trying to fold the extra fabric instead of cutting and making a new seam.
I am going to set this aside for now.... maybe Thanksgiving weekend I will have the courage to work on it. While everyone else is shopping I can be ripping out the quilting ha ha