First off, Carol wrote a great tutorial on single fold binding. I saw this tutorial, tried it and loved it immediately. I wouldn't use it for quilts, but for coasters, mini quilts, etc, it's perfect. She calls for cutting the binding 1 1/4'' wide, but I used a honey bun strip (which is pre-cut at 1 1/2'' wide) for this little coaster and it worked great. In fact, I think that it's the best use of a honey bun that I've come across to date!
Secondly, Anita did a wonderful tutorial on machine sewn binding. After reading her tutorial, I started thinking it was actually feasible for me to bind quilts this way. I was very scared to try it (it took me 6 months), but really, I didn't know how painless (and QUICK) it would be. I used the technique on this quilt, and I will definitely try it again.