Something to do with the word "drape" would be apt for its intended use. If there was no drape in the Sandbox tools already--It can be called just DRAPE (IMO). Cloth could be limited to cloth materials.. .
Maybe also fibreworks.. just a thought.
But if we intend to create clothing (like marvelous Designer). Then CLOTH plugin should give everybody a good clue of what it's for.
I am loving this developments.. getting excited again about SU!!