Simple Oval Area Rug with Fringe attached with curve modifier. You can see how this was made by either visiting my site or by watching the video below.
The textures are from http://www.cgtextures.com. I have that info in a text file in the blend file. How the model is done and textures applied can be found on my website which explains the modeling of this and all my models i submit to blendswap.
I have contacted the administrators to fix the broken link. Thank you for making us aware of this issue
There you go! :)