What CAN'T you do with a yard of material is the REAL question?
Here's just a few ideas I've collected from various sources.   I bet you can add to the list!

FOR WOVEN FABRICS:
- Mix & match with other fabric to make ANYTHING!
- Sew a sleeveless or short sleeve shirt
- Sew a simple skirt
- Sew a shrug
- Sew a pair of shorts
- Sew a child's dress
- Sew a child's shirt & shorts
- Sew a purse
- Sew check book covers
- Sew a table runner
- Sew a Hat
- Sew a Belt
- Sew a Vest
- Sew several Babies Bibs.
- Sew a sun-suit for child or bikini for adult
- Mix it with a check, poka-dot or stripe of the same color & make anything
- Use it for trim, or a collar
- make your own Bias Tape
- Hem sides & use as a receiving blanket
- Quilting galore
- Cut on the bias & use for sew-on chenille
- Cover Buttons
- Aprons
- Sew neck warmers (fill with grain)
- Sew eye covers (fill with buckwheat)
- Sew wine cover bags & tiny draw-string bags
- Sew a jewelry or make-up travel case
- Sew a window valance
- Sew a stuffed animal
- Sew doll clothes
- Use as one side of fabric to sew crib bumpers
- Sew a scarf or kerchief
- Sew scrunchies for hair
- Sew stadium cushions
- Sew throw or bed pillows

CRAFTS:
- Cover your light-switch plates with white glue & fabric
- Use it as wrapping paper for a special gift
- Use it as a drawer liner
- Cover a small waste paper basket
- Make a tote to carry your fabric, yarn or groceries
- Make a mobile
- Cover a lamp shade
- Sew window blinds
- Make a cover for your sewing machine
- Make a bulletin board
- Use for scrap booking
- Make greeting cards
- Cover Cans & make a desk set
- Cover backing-board & make a desk Blotter.
- Over-dye & use for any of the above
- Make Puppets
- Make fabric flowers
- Weave strips into place mats
- Rip on grain & make a fabric basket
- Make Christmas ornaments etc.
- Cover baretts & plastic bracelets
- Braid pretty strips of fabric into long hair
- Tear into strips & crochet a throw Rug
- Cover books or binders
- Matt photos

I'm always listing new fabric sample listings.  Check them out to get you inspired.