You can also do a quilt as you go. I'm thinking of doing one where I can take a bunch of 10" blocks of pretty floral fabrics - maybe from a couple of layer cakes. Use it for the back, place batting square on top, then strip piece on top of the batting. Trim to 9 1/2 inches then use one of the methods for attaching the blocks together. There's a tutorial here and also at quilterscache for putting together the blocks. You would have wind up with a two sided quilt.
BTW, love the pics of the strip quilts here. Will use the idea of have the same fabric in the center of each block. Hmm, use the same fabric for joining the blocks. So many ideas so little time.