Yes, it's a headboard turned coat rack (but my version!)
Headboard purchased at Thrift Store for $15 (I probably could have found it for less but to be honest I wasn't being patient!) I had been to about 6 different stores with no luck and rarin to go!
-Side note- Lately he's been calling me "boss" and his "project manager" haha
I bought the wood accent pieces at hobby lobby for only $6 (and purchased them with gift cards I received for my birthday!)
The hooks were from Home Depot $2.48 each
Total Cost: $27.40
And a lot of fun!