I got the idea for this project from one of my favorite blogs to follow (http://www.younghouselove.com/). If you do not know about this blog, check it out! They also inspired me to create my own blog and who would of thought it would come from the how to for a no sew crib skirt.
Awesome instructions and pictures can be found on their site here: http://www.younghouselove.com/2010/03/nursery-progress-skirting-the-issue/
Here is the skirt I made. I purchased polka dot fabric from Mary Jo's cloth store and coordinating striped fabric for the curtains. More on no sew curtains later...
I followed the steps and created my skirt. The skirt, curtains and a covered bulletin board cost me about $100 and I still had fabric left over.