I love the drink tray idea (chilled flavored pop like Stewart's would be so cute). I did think about maybe using it as a shelf in my son's room, but I just don't think he really needs it in there. I know I don't need anymore collections to hang around. The glass covered table idea was cool, too, but I'm not sure where I would put it. It doesn't necessarily go with the rest of the decor in my house.
I'm leaning heavily toward making it into a caddy for the kiddos' art supplies. I hadn't thought of using it for that before and I love the idea! I recently saw this super cool thing in Pottery Barn Kids' catalog:

But since I just won't pay $50 for it, I've been thinking of all kinds of ways that I could make my own. Maybe my own was right under my nose and I didn't realize it. I'm going to explore how I can make this possible. The wooden dividers in the Coke caddy don't go all the way down, so I would need to have little containers to fit in the slots. I'll need to see what will fit.
Katie at Making This Home posted a tutorial on recycling tin cans the other day and possibly I could use those to slip in the slots. Hmmmmm........
Feel free to keep those ideas coming!