Hi hollidais - if they're really nice geometric designs, as you said, I'd pick them up if the price is right. You can always find something cool to do with them!
I recently bought some bags of fabric pieces, including some double knit pieces, at a thrift store. They're small pieces, so I cut them to size to fit on the front of cardstock to make greeting cards (ie I cut 8 1/2"x 11" cardstock in half, then folded each half to make the cards), sewed the fabric on by machine, then sewed old buttons onto the fabric. It was a simple, quick, yet attractive card.
I also experimented with gluing the fabric to a piece of same-sized paper for stablilty, then glued the whole thing to the cardstock front - similar look, but the stitching adds a lot of appeal.
You didn't say how big the pieces you saw were. Could they be made into tote bags - pieced together or not? Or pillow tops for throw pillows? Or pieced into curtain-type panels? Funky-looking stuffed animals or dolls?
I'm aware that a lot of it depends on how the fabric looks - a lot of double knits can be quite dowdy-looking, but the ones you saw don't sound like it.
goodaim