Shabby old cotton floral print comforter cover, or cover for an old feather tick. This is 1930s or 40s vintage.
It measures about 74" x 88" overall, pieced from 36" wide fabric, the same print on both sides. This is made like a giant pillowcase, open on one end.
This one doesn't appear to have any holes, but does have some yellowing and spots. I haven't washed or soaked it at all.