Just a little idea I have: Lets say you have spent quite some time creating a real badass looking sword. you have gathered the mats by mining and/or fighting bosses/mobs. And after quite a while, you have created an even better weapon. so you dont need your badass looking sword anymore. So you do what comes naturally, you either sell it for some cash, but you dont want to do that becasuse its quite badass looking and you spent some blood, sweat and tears to craft it, or you stuff it in a chest to never see it again. If you are a hoarder. Now here is my suggestion: In stead of either selling or letting it gather dust in chest. You can Slap it up on the wall as a decoration. and how you do this is by creating some hooks from a bar of iron, you get 10-20 hooks per bar, or buy them off an vendor for less that dirt. That way you can make your bases look far more badass too. Besides, you dont really want to throw away something you spent time on making, do you? But wait, there's more! You can also do this to armors and shields. even the pelts of the hapless animals you have gleefully slaughtered. Is this a good idea, or should I die in a fire? Just a shamefull repost of my older thread that have faded into obscurity... You can find it here: http://community.playstarbound.com/index.php?threads/using-old-gear-for-decorations.14648/
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Suggested many times before, and is even one of the higher suggestions and will already most likely make it into the game.
I think it was suggested before as @Facethelight said above me, but i'm sure with you buddy, I know the feel to decorate with items, just like Minecraft's item frame and etc, hope to see it in the game!
Good idea, Im totally for it! But yeah it's been suggested before/probably being implemented, also dying in a fire IS pretty fun...
or even something as simple as using wood to make an armor/weapon stand would work. Where placing it would be similar to a statue or something.