Closet studio storage-- this is similar to what I want to do with my office/craft room. Remove the closet doors that slide and put all the supplies and things in there with some nice storage/organization setup.
Wallpaper an old spice rack to use for nail polish. LOVE THIS IDEA! Now I need to find an old spice rack and some cool wallpaper :-) Fun craft to do when I'm avoiding grading papers or doing work for grad classes.