A dream of strange contrast in meaning.
If the oilcloth featured in your dream was shiny and/or new, it is a caution to stick to your own ideals and avoid anything even vaguely illicit To be thought square in the evening is better than hating yourself in the morning.
However, if the oilcloth in your dream was shabby or cracked, it signifies that you might benefit from a bit of a fling with the opposite sex.
[1]To dream of oilcloth is a warning that you will meet coldness and treachery.
To deal in it, denotes uncertain speculations.
[2]