A few months back I found this "Osh Kosh" Toy Box at a DI for $5. It had lots of stains and was pretty ugly so I decided to recover it.
After undoing a few screws it came apart easily. For the sides I used a blue canvas fabric and I found a cute floral printed fabric at Hancock Fabric for the top lid piece.
Then I stapled the fabric (on the back side) to each piece of the toy box and reassembled the whole thing. Looks a little bit better don't you think? It's so nice to have a place to hide all of the toys and it matches the room since I covered our pillows with matching fabric!