Judy Coates Perez (who is an amazing art quilter and, if you haven't already, you should spend some time looking at her work) has generously shared a faced binding tutorial on her blog. I have seen some other tutorials but this one is the easiest to follow in my opinion. She has nice clear photos and well-written instructions.
|This is what the back of a quilt with a faced binding looks like. Image from www.judyperez.blogspot.com|