Multifunctional furniture is an essential part to having an efficient small space. It's for this reason that we love this Bingo Pouf from DWR. Designed in 2002, the Bingo Pouf, when closed, acts a great stool or side table, and comes with a removable bent wood tray that also acts as a table top. It easily unfolds to become a flat mattress. The Bingo Pouf is made with high density high-resiliency foam, which gives it high durability- and it comes in a stylish red or grey fabric. If you find yourself having an unexpected overnight guest, this could be a great solution that doesn't take up any additional space. More info here.