I don't have panelling, but this is a great tutorial to make it look like drywall.
When we bought our house a few years ago, there was A LOT of wood paneling... I've tried literally EVERY method, but the one I use is EASY and covers perfectly! Only 2 coats!
Tutorial showing how to easily paint wood paneling. InMyOwnStyle.com
painted paneling makeover. My mom needs this. I'd offer to paint it just to cover those ugly walls in the every room.
Removing wood paneling is no easy task, so this homeowner decided to scrap the panels on the walls and simply paint over the ceiling, What's left actually has adorable texture and life. Get the tutorial at Fixing it Fancy » - HouseBeautiful.com
How to Update Wood Paneling - 29 Tips from crafters on giving your wood paneling a makeover!
Image titled Cover Wood Paneling Step 8 More
Painted wood paneling - before and after photos. Night and day! One coat of primer and two coats of color on walls and trim. No sanding needed. More
a simple tutorial on how to paint wood paneling like a pro