I think that it is fondant. Even if it is fabric on original (which I don't think that it is) i would still do fondant. I don't like the idea of fabric on something I'm going to eat JMO.
Also in the original pic it says "Silver fondant side ruffle" so I guess it is fondant.
Does it? lol, i missed it i guess! Thank you. Has anyone done something lke this?