Copy this wood pallet shelf idea becau se you can use it in many ways. Place decorative items on it, hang keys on the hooks pinned to the pallets or hang anything else with the chances of missing. Add as many shelves as required.
Elmer's Glue on Canvas, then paint the whole thing. I have totally done this, but with a hot glue gun. Elmer's Glue seems to be a better idea since hot glue leaves behind strings and is harder to work with.