I love DIY. But for me it means a little more than painting something. I love the ones where you take something that would be discarded, or an odd garage sale find and turn it into something useful AND stylish. You don't want people asking if you made your coffee table (even though that would be a cool skill to have) it shouldn't be that obvious, more like you found it at a flee market, europe, or an overpriced furniture store.
Here are my favorites right now.
Felted soap bar
Yarn into a modern lampshade
Old book into a journal
Bath mat out of wine corks