new idea!

last night i was laying in bed pondering a good summer project (the steering wheel cover is still on my list of to dos) but i specifically want to do a summer project that is unusual and experimental. so here's my idea...knitting rugs out of strips of fabric. i was thinking that i could cut all of my random fabric into strips and knit it using some fat needles - knit 8 inch strips whatever length i choose them sew all of the strips together by hand, add some fringe, and poof - homemade rugs. does anyone know anything about this/heard of it/tried it/think it may or may not work??? any tips would be much appreciated!! I'll start this week and post some pictures asap.