This technique can be used to edge dishcloths, blankets, slippers, sweaters, or anything else. You may need to use a crochet hook one size smaller than the knitting needles or crochet hook used to make your project. You may also need to experiment with spacing to have the edge lie flat. Usually one stitch every other stitch will work.
I use this technique on two of my dishcloths. The Skull and Crossbones Crocheted Dishcloth and the How to Crochet a Dishcloth for Beginners.