ottoman/bed on Apartment Therapy a few years ago, but after seeing it in person the other day we decided it was worth another look. It doesn't hurt that the price is $200 less now than we quoted before. See it transformed into a bed after the jump... ottoman/bed is both a practical and affordable option for anyone hosting frequent sleepovers or other visiting guests. When we saw it in the store we were particularly impressed by its lightweight frame, which makes moving it much easier than you might think.
(Images: BoConcept, Lily Gahagan)