Soft enough for a baby

I have another baby shower to go to at the end of the month so here comes a baby blanket. This one is a stash buster. I had picked up a sad amount of peach fuzz a while back when it was on clearance at hobby lobby. This stuff is crazy soft (obviously implied by its name but so much so you simply can't understand until you touch it for yourself). Well the one problem with being induced by the clearance yarn fumes is you really don't look at what you buy. When I got this stuff home (5 of sweetpea and 2 of playtime) I started thinking of all the cute soft baby stuff I could make. Finally, I actually looked at the ball band for the suggested needle size to see this:

There where several problems, 1) no knitting gauge, 2) this is a super fine yarn, 3) hand wash hot only (what is that?). Upon closer inspection it did say to used a US 3 knitting needle, but there also was a key ingredient that I was missing. On the other side of the ball band there was this:

This yarn is best used as a carrier thread with another larger yarn.

Well that says it all right there. Something that I might have seen if the yarn wasn't on clearance.

This turned out to be OK. I just got a nice worsted weight yarn and held the peach fuzz double with it. I'm using size 9 needles and really like the resulting fabric, nice and warm. It's not quite as soft as what I was imagining but still nice. Also, I will end up only using 2 1/2 of the skeins that I have so I see 2 more of these blankets coming. All was going along quite nicely and I was very happy about using stash.

I picked out a free pattern from lion brand (if it can be considered a pattern) just your basic wash cloth with the eyelet edging. I was slightly nervous about knitting a blanket diagonally for fear that I would run out of my worsted weight yarn (that I only had a lb of and didn't want to have to buy more) but I told myself I would just knit half way a start decreasing and there would be no problem. Well if you don't own a nice scale just knitting till half of it is gone is easier said then done. Lets just say I didn't make it (no duh my brain is screaming at me)

I'm going to go and pick up another Caron 1 lb, if they sell have that colorway (not likely knowing my luck) or what ever acrylic at the store is closest. I have some other acrylic stash that is close and will have to do if I can't find anything better. If there wasn't a dead line I would probably throw this in the closet and tell myself that at some point I will rip back all of the decreasing and several rows of the increasing and re-knit to be able to finish with what I have. Another plan that is running though my head it to rip back 4 rows, knit a eyelet row, then one regular and then bind off. Making a blanket something like this:

Any opinions?