Rendered in Cycles
1000 samples (I probably didn't need that many)
Time:
I'm going to try this one again. I think I scaled the pinned verts too far in so I don't get the straight outside edges. This is also the first time I used shape keys. It was a little confusing at first but I got the hang of it.
I plan on texturing before simulation just to see how that works and how the texture behaves.