Look what I found!

The girls and I were walking home from the grocery store today, and came across this, all abandoned and forlorn looking:

Cool, no? I'm not sure what to do with it, but I like it. It could be a magazine rack:
(I have too many magazines, apparently)



Or it could be a towel holder thingy:
(You can never have too many towels)



Lillian suggested I use it to hold all my purses:
(No wonder I can never find my lipstick!)

Thoughts? Suggestions? Envy? ;)