I love lanterns - I love how they are used in different seasons and holidays, and they look really well with a ton of decor styles, whether it be rustic, contemporary, shabby chic and what-have-you. Last December we had a challenge on Live Craft Love, which was to create something out of a lantern, and I made mine as a nightlight. I had a ton of different ideas for paper cut designs, but this is easy (specially if you don't have a die-cutting machine).
Isn't it so fun-looking? You can even change it up when you get tired of the design.