I recently bought a stencil off of craigslist, and decided to try it out on this little table. After sanding it, I used a small foam roller and some off white paint I already had, and stenciled the top. It is not perfect around the edges because some of the paint got under the stencil, but I kind of expected it.
You can see in the third picture that when the sides are put up they are not level, but if they are kept down the middle portion of the table is perfectly useable! With some work this could be an amazing, level table, but I don't have that skill :( For now it's just sitting... and I don't know what to do with it. I'm just glad it got saved!