I thought of maybe turning it into a bag. I thought about cutting it up and sewing it, but the darn thing would be to much for my sewing machine because it was so thick and heavy.
Then I thought I might make it into a pillow. So I bought a 20" pillow form. Now mind you, this thing did not fold into a square but once I forced it around the pillow form, I saw it was going to work.
I tied the original fringe from both ends together. Then I took some left over felted sweater strips and tied overhand knots along each side to close it up on the sides.
And Voila! I think I like it.