This sofa is almost perfect

From World Market: "With the sides up it's a sofa. Fold one side down to form a chaise lounge. Put both sides down and it becomes a bed."

I don't like sofas that are too deep (uncomfortable when you lean back while siting) or with armrests that are too high (uncomfortable if you sleep on the sofa and use the armrest as a pillow). I'd like my sofa to look versatile too - not too formal to curl up on with a book and not to slouchy for people to visit and have drinks and good conversation.

The fact that this has three different configurations is a huge plus. Only thing is white cushion covers are a dirt magnet. But that's easily changed.