I've seen blankets like these all over the Internet on sites like Etsy and in posh boutique baby stores. So for a friend of mine who was hosting her sister-in-law's baby shower, I decided to add one to the gift set.
Here's my step by step process on how I did it. Granted by the time you buy the material and do it yourself, you might as well have bought one, but I love having a handmade present at showers.
1- I cut two pieces of fabric in 12.5" squares. (I used my big quilting acrylic square as my template. The fabrics are satin and dotted minky.)
2- I cut 8 striped ribbons and 8 solid colored ribbons into about 4.5" lengths. You could do all different colors and different ribbons, but I like things pretty coordinating.
After they were pinned in place, I used a 1/4" seam allowance and stitched them down.
Some other ideas for the blankets..... if you have an embroidery machine you can embroider a design or name or initials onto once piece of fabric before sewing it together, add teething links to the blanket and the baby can play with the links on the blanket, applique a design or initial onto the fabric before sewing.
Of course, after taking all the time and effort into figuring out how to make one of these, I walked into Wal-Mart and they had a section above their Fat Quarters with some pattern booklets, and I picked up their Quick Cuts children pamphlet to behold they had all these step by step directions with some sketches on their pattern for $1. It sure would have saved me some time if I had that to begin with.