How Do I Make A Blanket With The Cloth Simulator in Blender?

I do know that you just a add a colision object and then typically add your plane and this forms on top
Of your object...but...What if I want the fabric to "coil" around an object rather than just form on it??
What I'm trying to achieve is a blanket similiar to the one below..
How Do I achieve the look of the blanket? Basicly I'm DYING to make those creases of the blanket below..
These can also be used for future projects using the cloth simulator...

~Thanks~