I love it when things have some sort of dual functionality, especially kids furniture that eventually gets outgrown. I found this great bed over at Swissmiss that does just that. The P'kolino bed starts out it's life as a normal toddler bed, but as soon as your kid starts to outgrow it, it converts into a nicely styled little chair. The bed will fit any standard sized toddler mattress, and comes with an additional pad for when it is in chair mode. Perhaps one of the best things of all is the $190 price, which is quite reasonable for a "designer" kids bed. The main bed is a birch veneer, and the side rails come in orange or white. Available from Moderntots for $190. Via Swissmiss.