I’ve been looking online for ways to decorate the hangers on my rolling rack and found this great how-to from Notebook magazine:
[W]hy not use a rainy afternoon to make fabric-covered padded hangers for your wardrobe? [Ed. Why not indeed!] It’s the perfect use for those gorgeous scraps of fabric that are too small to do much with, but just too good to throw away.

» Full instructions and downloadable fabric template here
Design Sponge also has a tutorial on making your own rolling rack that includes a different way to attach fabric to hangers.
Photos from Apartment Therapy and littlepinkstudio