Man, this is the COOLEST. How I have I not known about these? I have been dyeing fantastic silk and cotton cloths for a while now - little did I realize I was making *perfect* furoshiki cloths. To see what I am talking about, check out this great site:
furoshiki.com

I use their easy instructions for giftwrapping all the time now!

and here is a good video as well.

I have always preferred to give gifts unwrapped, or wrapped in something beautiful and re-usable. this is PERFECT!