I've had a black IKEA LACK side table sitting in a closet forever, and I finally dug it out this weekend to give it a quick refresh. For $1.
I painted the top in semi-gloss white paint that I already had, and then wrapped the legs in wood grain contact paper from the dollar store. It took less than one roll for $1. I think it gives it a modern look and fits well in my office holding a vintage card catalogue drawer I picked up recently.
I did this in an hour and for $1. You can't beat that for a cheap and sustainable way to refresh a piece of furniture!