"Good Night" Night Light. — This would be perfect hanging under a loft by your futon if you want a little light while you're relaxing at night. I'd probably scale it down and use a lighter painters canvas + large-bulb string lights so you can hang it on a wall hook without worrying about it being too heavy. (Just don't leave it on overnight! Might get too hot with the string lights.)
One of the first steps in making a space feel like home is hanging photos and art. You could do this with frames from the dollar store and mix in a decorative mirror or other matching, wall-hanging items. I want to do this with black frames and black and white photos, Playbills, etc.