It's a quick, cheap and relatively easy project, perfect for summer!
Step 1: Materials
-one package of double fold bias tape quilt binding
A note on fabric selection. I used a relatively thick cotton jersey. This would probably also work well with terry cloth! Whatever fabric you chose, make sure it can get wet! Wash and dry your fabric beforehand.
Also, since you need only a yard of fabric, check the remnants section of your fabric store. You might be able to find just the right amount of fabric and get a great deal! I found this white fabric in the remnants section at my local fabric store and chose a deep teal binding for a nautical feel.