Way to go Isaspacey, erlthegirl, Doris, Stephanie, and lorrwill the corset guess was right on. The wool is recycled from a men's suit jacket. I used the front which was already interfaced and saved a step. Inserting the grommets was a little scary. When you put a hole in the garment this large there is no moving it over just a hair.
I also got a comment from Scrappinfor3 she wondered if it might be the look for less... and it should be. That project is all cut out and sitting on my sewing table. Sometimes the ideas come way faster than I can implement them. Maybe I just have the crafty version of ADD.