Getting hot spots from tin foil is one of the dumbest and oldest myths floating around these sites. The wrinkles are bad? I thought you wanted "rigidity"? Well why in the hell do hoods have dimpled reflections points, which are almost identical to a wrinkle(rigidity) in tinfoil?
Also, how is there a hot spot if only 60%(tin foil) of the light is being reflected? because when 100% of the light is being directly cast, there are no hot spots. Does it act like a magnifying glass, even though you are only getting 60% of the light/heat?
Use common sense, and you can avoid bad advice!
Get rolls of mylar. They are CHEAP. Just as cheap as your blankets would be.
$1.29 for 100 feet:
http://www.texashydroponics.com/shop/product.php?productid=685&cat=223&page=1