After posting the questionnaire earlier about my fabric stash, I felt inspired to actually organize it. I really didn't want to fold my fabric anymore than the half fold I already have, because I don't want to have to iron out creases before using it. This drying rack was the best idea I could come up with.
I sorted the fabric by size: greater than 1 yard, about 1 yard, less than 1 yard, and then smaller pieces. We'll see how this works, but I am sure it is better than having all my fabric lying in a pile on the floor.