Ew. My husband found this ratty abandoned table and brought it home. It migrated up to the craft room where it gathered dust until I decided it needed a new look. I went WAY overboard, as you will see.
First, we sanded it lots and lots (it was still gross) and applied an oil-based primer. It was so water damaged and bumpy, it really needed to be power-sanded, but I was too impatient for that since power-sander was over at my in-laws' house.
I painted the top with about 800 coats of my favorite craft paint, Plaid's Folk Art in Baby Pink. Then I coated it with about three coats of Mod Podge and one coat of Ceramcoat Varnish. (It was still pretty bumpy, but at least it looked clean and shiny).
Then I added some of those vinyl wall appliques that I snagged when Michael's had them on clearance last year. They had to be sealed down with Mod Podge because the table surface was not smooth, but it was worth it. They actually look really good (better in person than in this picture).
Now this is where I got crazy. There were probably a million easier ways to skirt the table, but I was determined that it needed to be firmly affixed with velcro so that the toddler could lift the skirt up and down without worrying that it would come off. I attached the stiff side of the velcro all the way around the table with a staple gun. Then I measured, cut and box-pleated some home decor-weight fabric for the skirt. I sewed the soft side of the velcro all the way around the top of the skirt and finished the hems. Then I attached the skirt to the table. Voila. A little play table with a skirt that will not come off and can hide lots of toddler toys.