Red Stretch Velvet is a soft & plush piled knit velvet fabric that has 60% or more stretch -one way stretch- for additional wearing ease. This elastic fabric is great for dance wear, casual clothing, home decor or costumes, and is available in an assortment of solid colors. Stretch Velvet. 100% Polyester 58" wide, Hand wash line dry. Buy red velvet fabric by the yard.