I found 12x12 scrapbook paper I liked and used spray adhesive to attach the paper to the wood.
And then attached alligator claw hanging things to the back. Of course, this idea wasn't mine. I saw it on several different blogs and one of my friends did it as well. Again, I love the space it takes up!
To the right in the picture you can see the curtains. Curtains are also not decorating on a dime worthy. These ones I found at Home Fabrics for $10 a panel. I went there looking to buy fabric to make my own and found these on clearence. Now I need curtains for my living room. I still kind of want to make them so I can get exactly what I want, but it's looking like making them is as expensive as buying them! Do you have a store that you love that sells home decor fabric? What online stores do you like?