Lisa, Yes, now that you mention it, it does look like alligator skin...BUT - no alligators were harmed during the making of this tote.. :D
Amma - Give it a try. I had a hard time finding TM in my area, only 1 LQS carries it (got mine on a trip to Rochester, NY). Is a little pricey, but I really like it. Patterns by Annie has several more patterns specifically for TM, but it could be used for anything. I think I will try another bag, using it for just a flap or panel...sort of a highlight or embellishment. I saw an applique type poinsettia done with it and it was awesome. Good luck and send pics!