I bought it. Now what do I do with it? I think I will hang it on the wall and admire it, thats about all I have the talent to do with it. . . .

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You might think about a sewing lesson on how to make a kilt or jacket on the sewing machine from Grandma. That much yardage might make a jacket, or at least a nice scarf or blanket. Or maybe add it to the material she already has and make a kilted skirt for grandma.