So thanks to Eddie Ross for that moment of dawning decor enlightenment. To see the complete blow-by-blow of how he did it, visit Eddie's blog. And don't the extra touches of the greek key towel and Wedgwood plate just make it?
To achieve this look, Eddie used towels from Dollar Tree for the fabric (thus the "pleated" effect - those are separate towels), plus a glue gun, velcro, black grosgrain, and a dollop of genius.