If you're looking for a slightly sophisticated way to accommodate someone on a futon, say goodbye to that and say hello to the Figo lounger. It transforms from a chair to a bed. And it's much more stylish.

The Figo has a built-in pillow that doubles as a headrest when it's not prepped for sleeping. At $550 it's nowhere near as cheap as an air mattress, but who said nice things were cheap? [Futon Creations via Fancy]