I found instructions to make a towel wrap and it calls for 2" elastic at the top. Since I don't know exactly how fitted to make it (it's a gift), would it work to have a drawstring instead? Or something that could be adjusted to fit? It's a gift for a High School graduate and I plan to embroider her monogram on it.

I sure would like some ideas. The instructions are at Towel Wrap. Or if you know of a better pattern please let me know. I had one in a magazine, but can't find it now.