This was a stashbuster project that wasn't quite successful as I still have a little of each color wool left. It was a quick knit, and once I steam blocked the heck out of it the stockinette section didn't curl in very much.
It has now made it's home in the downstairs bathroom. Here are the answers, in order, to the questions I received after placing it there:
1) Yes, it is.
2) Because I can.
3) Please don't. For decorative purposes only!