In August's issue of Real Simple, we saw this idea in one family's house tour. Since the kids had outgrown the Phil and Ted's Me Too seat, they kept it attached to their kitchen table, and used it as a catchall for homework.
If they need to, they can detach it from the table, and move it from room to room. It seems like a good idea for repurposing something for not so obvious storage.
That got us thinking, what else could you put in the Me Too? Has anyone else gone this route?