Stiff, wrinkled like a cheap pillow case

Washed it in cold water, blead lots of red out. Came out of the washer wrinkled, I dried it on low, still completely wrinkled, and stiff. It's like wearing a plastic bag and as noisy. Bad cut. No shoulder room, baggy and not tapered like in the picture. Waste of money. I guess I could cut it up for rags ?