It's a lounge chair. It's an extra bed. It's a sofa. It's a Yogibo, and it is quite possibly the most comfortable, laid-back, cool-looking dorm furniture we've seen in... well, ever. Lean it against a wall and the foam-bead filling molds to the contours of your body, providing amazing support (um, for your parents, when they visit); lay it out flat and it's a cushy, 6-foot by 3-foot by 3-foot sofa big enough to seat three adults. The zippered cover is ultra-soft, removable and machine washable; it comes in 11 colors from basic black to eye-popping green and pink.
$229 at Yogibo.com.