Wrapping a card, crease fancy cloth (9)

I believe the answer is:

cassimere

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'cloth' is the definition.
Both the definition and answer are singular nouns.
Perhaps there's an association between them I don't understand?

'wrapping a card crease fancy' is the wordplay.
'wrapping' indicates putting letters inside.
'a card' becomes 'sim' (I am not sure about this - if you are sure you should believe this answer much more).
'fancy' indicates anagramming the letters.
'crease' is an anagram of 'casere'.
'sim' going into 'casere' is 'CASSIMERE'.

Can you help me to learn more?

I've seen this clue in The Times.

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