These clever, multi-purpose pieces will help make even the smallest spaces work for your year-end get-together.

Gloster Cloud Dual Height Coffee Table, $1,700 from Danish Design Co.
Lift-top panels can be raised to dining table height so you or your guest won’t have to stoop too low to dine in front of the TV.

Seleti Sending Animals Shelf, $9,987 from Fred Lives Here
This kitschy cow-shaped storage unit holds your kitchenware and even features a small flip-down countertop for food preparation.

Foscarini Solar Low Table, $2,172.10 from Xtra
Designed by Jean-Marie Massaud, this gorgeous hemispherical table is also a floor lamp that can be tilted (while remaining stable) at different angles to create different moods.

Stockholm Sofa Sleeper, $4,710 from BoConcept (#04-01 Paragon, 290 Orchard Rd., 6736-0777)
Turn your couch into a comfortable bed for overnight guests with this convertible and customizable two-seater.

Gateleg Dining Table, $549 from Crate & Barrel
Seating up to four people when fully extended, this classic slim piece is just 24cm wide, making it easy to stow away till your next party.