What you didn't spend on your dresser, you should put towards some heavy brass pull rings like this blogger did — the luxurious weight of the knobs makes the dresser feel way fancy. Get the tutorial at Elements of Style » - HouseBeautiful.com
Add a pretty pattern to an IKEA dresser by cutting wallpaper to size (leftover pieces and sample swatches work great!) and attaching with wallpaper glue. Paint the frame a subtle high-gloss shade, then screw on chic pulls.