Cloth Farming Option

  1. Go Tailoring (obviously)
  2. Get 25 Tailoring Skill
  3. Ride around the world picking up the free +3 tailoring treasures.
  4. Get a few first-craft bonuses
  5. Max out the 4th specialization that gives you 55% additional cloth drop chance
  6. Go to humanoid-heavy follower dungeon (Priory or Darkcleft both seem alright)
  7. Clear first few rooms in one big AoE pull
  8. Loot 20 bolts and 80 cloth
  9. Reset dungeon

Conversely you can join one of those huge Looking-For-Group 2x4 cloth farms. I joined one for a bit and it was also fine. Plus you get more greens to AH (or sell to those pesky enchanters). But for a completely solo cloth farm, the above has been my best strategy so far.