I thought I would post some pictures of a project I did awhile ago. I took an old cupboard door and sanded it down, then painted the middle with chalkboard paint, finished the edges with a red paint I liked, and then added picture hangers to the back so I could hang it on the wall. I left all of the original hardware on it because I like how it looked, but you could take it off of yours. Ignore my lame attempt at paisley in the corner.
I have been looking for a good place to hang it for a while now but finally decided to hang it right above our bed since we don't have a headboard.
In response to your questions, I didn't make the bedding- I WISH I had, I got in on Overstock.com, for super cheap. I DID, however, cover the pillows you see in the front- they were old, they were ugly- now they are at least presentable. Plus, you have to have like 50 pillows on your bed anyways right?