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I have seen blankets like this given at baby showers, and I thought, "I could make that!" I have a powerful ribbon fetish, so this was a partially selfish indulgence. Being a designer, I also wanted to make it with the most stylish materials I could. Many of the ribbons are those I have gathered on my travels in New York and London, or even saved from fancy gift packaging. The fabrics are a very soft corduroy on one side, and on the other that silky-plush material with the dot bumps. If you make one, be sure to use fabrics that are machine-washable and ribbons that are colored with dye and not with the patterns "stamped" onto the outside, or the pattern will eventually just wear off.
I also made extras as gifts; one for my nephew and one for my unborn niece. The cost was about $20 a blanket to make for one this large. I added quilt batting and a simple quilting stitch. It's nearly a yard long and has dozens of different ribbons, so I've been getting comments that it's the biggest "taggie" blanket people have seen. There is a "Taggies" brand...but I say, do it yourself and you'll get exactly what you want.