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Unscrew the seat of the stool from the legs. If necessary, make a new wooden seat, using the old seat as a template.
Note: Paint and fabric will determine the look of your remade stool. Paint the legs black to focus attention on the seat — or a bright primary color for use in a kid's room. The fabric will determine the style. Avoid large stripes and plaids since such patterns are too busy for a small seat cushion. A little fabric goes a long way on these small cushions: you can cover four cushions with just one yard of fabric.
Brighten the base of the stool with spray paint. Prime first, and then apply two coats of paint in a color of your choice, allowing the surface to dry between coats.
Make a new cushion for the seat with cushion foam, batting and fabric. Cut the cushion foam a bit bigger all around than the seat, and cut fabric and batting several inches larger so they can be attached to the back of the seat. Arrange the fabric face down on your work surface, and layer it with batting, cushion foam and the seat.
Use a staple gun to attach fabric to the back of the seat. Staple one side near the edge, then pull fabric at the opposite side tight and staple it. Continue stapling alternate sides, smoothing wrinkles as you go. When you're finished, trim away the excess fabric.