Inspired by this great blog designsponge, I bought this beat up chest from a thrift store for $5. With a little sanding, new paint, and some gorgeous fabric it's like new again! Of the million and one projects I'm working on, I am most proud of this because I actually used a handsaw to recreate the broken lid. I also cut up a ratty old comforter to re-cushion the lid - so this project ended up costing me very little indeed.
And here is the full effect - please disregard the debris on the floor, my little helper is sometimes too helpful.