Oh, the hell with it I’ll write my own damned tutorial…
SOFTBODIES:
CLOTH SIMULATION: DRAPE A CLOTH OVER A SPHERE
Create an icosphere (SPACEBAR->ADD->MESH->ICOSPHERE). Use the default values.
Create a Grid (SPACEBAR->ADD->MESH->GRID). Use the default values. Scale it so its bigger than the Sphere in the top view (NUMPAD 7).
Press NUMPAD 1, select the Grid, G-KEY “grab” it and position it over the Sphere.
F9 Edit Buttons, click on “SUBSURF” and raise the value to “2” or “3”. Click ‘Optimal’ if it slows down Blender.
Fine and dandy, scene is set. Now:
Grid still selected, F7 Object Buttons, NEW Effect, use the pop-up menu to select “Soft” (it usually says “Build”).
Click “Dynamic”. Use the default settings.
Set the “End” value to 90 or so.
Click “Bake” and let blender figure out all the dynamics involved. Let it cycle through all 90 frames. For some reason, it cycles through all of the frames again and again; I just hit “Esc” on the keyboard after the first cycle.