This "In From the Cold" panel by Kate Spain for Moda is truly versatile, with lots of fun options. The directions for each project are right on the panel. Here are some options:
Option A: Placemats
Option B: Table Runner
Option C: Small Pillows (I think the rectangles for this might also make cute mug rugs!)
Option D: Round Coaster Set
Option E: Square Coaster Set
Maybe you would like to get one of these, too. I know I'll have fun using the one I bought. I couldn't find the panel again at Fabric.com, but they did have some other "In From the Cold" items like a jelly roll, charm pack, etc. You might also check Fashionable Fabrics, which did have some of the panels last time I looked.