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This would make a neat Wedding favor ... use a picture of the couple and have the ruffled fabric match the colors of the wedding. You could even use jars with family pictures or vintage wedding pictures as center pieces. LOVE this!
"Good Night" Night Light. — This would be perfect hanging under a loft by your futon if you want a little light while you're relaxing at night. I'd probably scale it down and use a lighter painters canvas + large-bulb string lights so you can hang it on a wall hook without worrying about it being too heavy. (Just don't leave it on overnight! Might get too hot with the string lights.)