Would be cool with burlap/lace -Fabric covered magnetic FRAME -DIY TUTORIAL! Use it in the bathroom for makeup or office for pictures, notes, business cards, keys, etc. Great way to organize. So many possibilities!
Cork/bulletin board makeover. This link explains in detail how to do it but basically you spray adhesive on cloth, then tack it all down. She also tells how to make some pretty cute rhinestone thumbtacks.