I have this awesome mid-century chest of drawers that I got back when I lived in San Diego. It was too beat up to leave it as it was so I used my favorite method of furniture updating, spray paint, to paint it black.
So what is my solution? Contact paper to the rescue! I've wanted to use this woodgrain contact paper since I saw it at the hardware store, but it's a little tricky to find just the right place to use it without being horribly tacky looking (although I guess the whole idea of it in the first place is that it's a little kitschy.) Plus, when I get tired of it I can just peel it off instead of repainting the whole thing. Sweet!
I measured out the shapes that I wanted on each drawer and cut them out carefully. Then I peeled off the backing and placed it on the drawers! Super easy! I think it makes the drawers look a little more interesting instead of just being a big black hunk of furniture sitting there. Try it!