DIY stacked wood fireplace facade -- I actually really love this idea even if you don't have a fireplace to begin with. It'd be so simple to zazz-up a brick or stone wall with a faux fireplace to create a gorgeous feature wall.
What a great use of space! This innovative sofa bed (beds!) is from the UK based company Clei - Compact Living Solutions. The Doc sofa bunk bed unit above converts with one simple movement into two everyday beds.