This is the project I presented in my senior seminar. I attempted to simulate
cloth using a system of springs (I like springs). It turns out that after all
was said and done I came very close to coming up with the common method for
real-time cloth simulation using springs. This demo is the finished version
with that common method implemented. Drag the left mouse button around to move
the cloth.
Here are the keys:
T: toggle the texture
A: toggle the stretch springs
S: toggle the shear springs
D: toggle the bend springs
F: toggle gravity
W: toggle wireframe mode

You can download it here.