A few years back I bought this cool little end table that I thought I would refinish and give to my in-laws as a gift. Well it took way longer than expected and I ended up donating it to the Hackerspace I was part of at the time (http://www.thinkhaus.org).
Step 1: Let the sanding begin!
I once read that there are three types of service: Fast, Cheap and Good. Of which you only get to pick two for any given product or service. Given the length of time(NOT Fast) and the budget(lots of sandpaper and elbow grease) this was done on, I say this turned out pretty good :)