Want to save space, be like the Transformers, and impress every living, breathing soul on Planet Earth and/or own another meaningless awesome home furnishing?

Then check out this bed-chair-table.  Chairtabed?

As long as you don't pinch your fingers, a chairtabed is what you get with wooden planks, hinge work, and screw-style clamps.  Though if it were me, I'd probably add some cushions.

Here's the demo: