Finally, I took the entire white slipcover apart, piece by piece, made my measurements and even re-used the old piping to transform it into this: A modern, colorful ottoman with double piping and pleated corners!
Boy, it was really windy the day we took these pictures, hence the flying ottoman. :) It really came out great. Love the colors! This fabric is Waverly Modern Essentials "Solar Flair".
Next time I will have to be sure to get a little bit more fabric so I can try to match up the pattern a little bit more. :) But overall, I was very happy with how it turned out and so was my friend!