A woman just showed me a felted wool purse she made......after seeing that, yes, I'd have bought it!!! And felted it and made a purse!!! :)

why can't you use it as a blanket?

Sounds like someone may have begun the felting/shrinking process. I definitely would have bought it....wash it some more and maybe use as batting in a rag quilt (would be great for winter) or as others have suggested bags, flower appliques, felted buttons to trim a quilt (nicer than real ones, you don't get them sticking in to you)....Endless possibilities....

The one and only quilt my mother (and I) ever made was with wools and tweeds cut into 4" squares for the one side and all cottons cut into 4" squares for the other side.
And -
It's still in good shape after 40+ years! Very heavy, very warm wonderful memories. All the fabrics were scraps from all the clothes she had made over the years.

I scoop up all quality wool items at thrift shops. It's the best to appliqué! It is every expensive at the quilt shops a fat quarter runs about $6-$8 for the dyed wool. That's silly to pay that. I have found many gorgeous colors of wool once I started looking for it.

I love buying wool at the Salvation Army. I've felted some and made a wonderful wool lap quilt for my fil. He's in a wheelchair now and has to be pushed a few blocks to dialysis. The wool really keeps his legs warm. I found a great men's wool jacket the other day - interesting rust/amber color. Man bought it to wear though :) He did look good in it.

Good find, of course have it cleaned or wash in cold water and air dry. Throw in a white rag to see if it bleeds if you're worried about that.

Just an off the wall question that bothers me from time to time: if we pick up stuff like jackets, coats, sweaters to cut up and use for other things like quilts or crafts, are we depriving warm clothing to those who can't afford to shop elsewhere? I know, I am very anal sometimes.

I am in Canada, and the Hudson's Bay Company (oldest company in Canada, I think) was a fur trading company and had wool blankets with stripes on the ends on them. Most were white with red, black, green and blue stripes. Some were red and are considered quite rare and worth quite a bit of money. The red ones only have a black stripe on each end. Worth several hundred dollars.

I would have bought it.

I would of bought it! There is so much that can be done with it! Wash in hot water, toss in dryer, make a bag, purse, appliques, scarves, mittens, fabric roses..... the list is endless!