This is an original pre war/early war cream colored German Wehrmacht issued wool blanket. It has the "textbook" design with a red and blue stripe.
It is is OK condition with wear and staining. The edges have some tears (see photos).
This style of blanket dates back to at least the late 1800's and is basically the standard German army blanket, although several other variations did exist. This is a nice example and great for display or to fill out your collection.