The Carolina Lily has alway been one of my most favorite patterns. With Marti Michell's Set E templates(MM8255) and this pattern you can make four different sizes of quits. If you do not want to make a quilt, how about making one block and have it framed. Simple yet elegant.
MM8970 - Carolina Lily pattern - $12.50
MM8255 - Set E Template (Eight Pointed Star) Set - $28.75