depending on where it's going (and what style you want), you could pick up some maple or walnut contact veneer (try Rocklers.com) and a few pieces of molding and turn it into a fairly nice piece of furniture.
I found a 10$ beat to hell toybox made out of old cedar planks. Sanded the heck out of it, pulled out the nails, filled the holes and tacked on a bunch of trim pieces I had left over from a kitchen remodel, then stained and poly'd the whole thing. Its now in our living room to hold my 5yo's toys and it doesn't look out of place at all.