I'm always on the look out for new ideas. i thought this would be a great project. Looks like a warp faced twill. I love all the fringe, price is ridiculous.
...Then it's possibly a fair price for the artisan's work, though not one I'd be willing to pay if I could make my own. I do think that is a manageable project, though.
It won't last very well, given that the fringe is not twisted or fixed in any particular way. It might be a lot of fun to make, though.