Unscrew the cushion and separate it from the frame of the ottoman. Make sure to keep track of all the screws, though, as you'll be reattaching the same two pieces back together again.
Spray paint works best when covering a piece such as this. It smoothly covers all of the curves and gets into the nooks and crannies as well. Set aside the frame to dry while you reupholster the cushion.
Cut the fabric, making sure you have at least an inch to pull over the edge of the cushion. Then pull the fabric taut and use a staple gun to attach it to the center of each side first, then continuing down the sides.
Once you have two adjacent sides stapled, fold one end over the other in the corner. Pull the fabric tight, check to see that you have an even, clean line on the edge, and staple the corner.
Once you've reupholstered the cushion and reattached it to the painted frame, it's time to add the strapping. Using a hot-glue gun, start gluing the wider strapping in the middle of a side.
After you've glued the wider strapping all the way around the ottomon, you can adhere the narrow strapping. Add a line of glue in the middle of the wider piece, and press the narrow piece in place.
To give your ottomon a little extra flair, add a large button on top of your layered strapping. Just apply a dab of hot glue and press on your button. We even threaded the button for an extra fun detail.
With just a few simple changes, you now have a whole new ottoman. Updating this small piece of furniture was easy, and it's sure to make a bit impact on whichever room it calls home.