Love the simplicity of this design - could buy awesome fabric, cool thread, and make a series of pillows.
Wooden boards with wallpaper, take sandpaper to it, I would love this on any wood project. Table, bench, chair, picture frames, maybe even a floor that you would satin varnish over. So many possibilities. Love this!
DIY Ombre tee. I'm totally doing this with a sweatshirt! UPDATE: I went to Walmart and got a white crew neck sweatshirt and followed these instructions. Boom! It totally turned out. I used Dylon Fuchsia so it goes from baby pink to bright pink. I also cut the neck off to make it an off the shoulder top. High five for this project.
Take a ticket stub, plane ticket or whatever to kinkos, have them blow it up, print it on fabric transfer material to make a pillow. This would be so fun for big trips or things done as a couple (honeymoon tix, first concert together, etc)