It's actually one of the things I've been doing for the longest.
I think it's the ultimate recycling.
Crafting and DIY projects can end up breaking the bank and actually, sometimes making things yourself can actually cost you more than just buying the item at the store. I love all things thrifty and I will rarely make something just for the sake of making it when I can buy it cheaper.
However, in the case of this leather pillow, I was able to whip it up for around $2. You can't buy a decorative pillow for two bucks!