It's wonderful stuff! It can also be added to the edges of little girl's ponchos! Or for the edging on a collar and cuffs for a little girl! Or the brim of a little girl's hat! They just love it!
I use yarn like this to "doll up" knits for my little granddaughters!
For example, I knit this baby set for a young mother at our church for her new baby girl!