We've been lusting after a new bed, but after crunching the numbers we had to accept that it's not in the budget right now.
Fortunately, there are a ton of low-cost DIY headboard projects on Apartment Therapy and all around the Web. For starters, we like this wallpaper headboard from Blueprint. It's minimal, modern, and inexpensive.
Here are 6 more ideas including upholstered, wooden, and paper headboards...
(Re-Edited from 2007-10-9- CB)