Yes, those really are all words, and my newest dress is a fabulous combination them. I had never bought the fabric that comes already ruched at the top because I thought it was kind of expensive for the kind of dress you get out of it, but this was a remnant on super sale so I went for it and had just enough to make this dress. It was super simple, just one seam in the middle of the back and a hem. I added ribbon straps because I don't trust that type of strapless dress, but I think it looks a little better with the white shrug anyway.
If you want a super quick project go for the ruched fabric. I think it took me longer to pose for the pictures than it took to actually make the dress. It could be a nifty project for teaching someone how to sew because it's almost instant results and no shaping or dealing with pattern pieces.
When I bought the blue fabric there was a yellow and pink version in the remnant box too, but it was only half a yard. I'm not sure what to do with it. It only stretches out to at most 24 inches, so I either need to find an extremely tiny friend or someone with a young daughter to make a similar dress for.