You got the jist of it! I'm like that too. If someone is giving away stuff and calls me up, I can't say no! LOL!

I would also suggest two things. One, if you are going to actually quilt it, stitch in the ditch is great! But I find a hoop will really help it out. You can get one at Hobby Lobby or a craft store fairly cheap, like less than $20. Just a lap hoop. Not some big frame thing (but boy, wouldn't that be nice!!). Start in the middle and work your way to the outside.

Or, if you want it to go really fast: Instead of quilting, how about tying it? Just use some yarn and a big needle and tie it off every 2-4 inches.

Have fun!