There's no better feeling than finding something (or keeping something) old and having a brilliant idea to turn it into something even better! Take care in spending adequate time and research on your project and you'll end up with a piece that will mean so much more than a bought item for a much higher price. Plus, it'll be custom!
You may have seen this awesome idea around...
Go to Crafty Nest for full article, photos, and instructions.
This chandelier would look like a designer piece in a retro or modern home.
Instructions found at Esprit Canabe
This tray is probably my favorite DIY project, created from a salvaged cupboard door.
Go to Crafty nest for instructions.
A drap wood night table looks like it came from Brocade Home with some sanding, blue paint, and a coat of shellac.
via New York Times
One can never have enough pretty bins to hold supplies or other loose objects!
This pdf from Urban Nest gives the full instructions on how to make these from cereal boxes!
Okay, so this isn't really repurposing furniture, but I love this idea. Find a branch you like and turn it into art by hanging a collection of shells (or whatever you like for that matter).
via Michelle Rago, Weddings
A hoosier separated to be turned into a media cabinet and a console.
Chicken coups as kitchen storage - just make sure they're clean! :)
via Apartment Therapy