http://www.quiltville.com
you want to know about organizing scraps and what to do with the scraps when they are organized? This is the go-to lady.
I have recently purchased a book by Sally Schneider "Crazy for Scraps" that has become the definitive scrap organization for my needs.
My scraps are now cut into 1.5", 2", 2.5", 3", 3.5", and 5" widths.
If you are using a fat quarter, these measurements absolutely use everything in the fat quarter .. from these widths, you can cut squares, rectangles, triangles, or anything else you choose.
And, the final rule from Miss Sally: When a container of scraps get full, you have to make a quilt using that size. ( of course, if you keep buying bigger containers <g> ... all you ever have to do is organize the scraps ... LOL <wave>