I think the clothing labels that I've been collecting for years will work well in this concept. So I spent an afternoon sorting a box full by size and color to come up with this.
The background fabric is a black geometric print that I had colored with oil paint sticks a number of years ago.
I think a black yarn twisted with a subtle variegated colored one will combine well with the spots of color in the fabric as well as the labels.
PS: That hank of variegated brown/pink yarn is pinned to my design wall so I won't forget about considering it for a future "unraveled" piece.