I came upon this posting for an emergency survival jacket that's made with space blanket-like material that might make a nice under-quilt for someone who's adventurous to try.
http://www.gizmag.com/blizzard-refle...lankets/21274/
I think it would certainly suffice for 3 seasons as-is in a blanket form. Packs up pretty good, is certainly light and worth a look, don't you think?
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