I was beyond impressed when my friend showed me her bedroom, and I saw that she had painted a pink faux headboard on the wall (similar to the one above). Love it! It's a thrifty alternative to expensive headboards. Plus, it's great for small spaces.
There are plenty of places on the Web to get headboard stencils:
Or for the ultimate in low-cost DIY, draw your own faux headboard freehand like my friend did (it looks great in her REALLY small space)!
Do you have a faux headboard?