Quillo: quilt that folds into a cushion - I thought the days of wanting to make these ended when my kids grew up but they would be great in the living room or on a bed for an extra throw if someone were to get cold. Less clutter, no storage necessary.
If quilting is your thing and you have the time, you could create a cosy, warm quilt using old suits. Line it with old curtain fabric - velvet, silk, or damask. For a jaunty look, tie bits of yarn at each corner square.