DIY: Fabric Wrapped Headboard

I saw Rita Konig's bedroom earlier this week over here .  And, fell in love.  I love the 'englishness' of it all and I love the headboard.  How sweet would that look in a guest room or a little girl's room?  Canadian House and Home has a DIY video of a fabric wrapped headboard (the shape is somewhat similar to Rita's headboard).  This looks too easy to do.....check it out here .