Tai-lights

When it comes to decorating on a budget, Trading Spaces' Ty Pennington practices what he preaches. His signature tai-lights, shown here, cost only $15 to make.
Ty Pennington

Ty and Oprah get to work making the lights. First, Ty sawed grooves into a piece of wood. Using fiberglass sheeting and Chinese placemats, he'll turn this into an elegant lamp.
Fiberglass sheeting

Ty positions the first piece of fiberglass sheeting.
More sheeting

Next: another piece of sheeting.
Oprah

Oprah helps by slipping the placemat into its groove.
Tai light

Voila: after slipping a lightbulb in, the tai-light is ready to go. It's a simple, Asian-inspired look for not a lot of money.