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How to make the most of a small room?

So the room I'm renting for next year is VERY tiny. I'm not terribly worried about it, because I'll share a living room and kitchen and all that stuff, but I was wondering if anyone had any suggestions about how to make the most of my small room. The bed is a loft, and I'm going to put a desk and small bookcase under it. There will be a closet, but probably no room for a dresser. Do you have any suggestions for storage space, making the room look bigger, decorating tips... anything? Thanks in advance!

Details:

  1. make sure you use light colors, dark ones make the room look smaller. and lighter ones open up the room. i would suggest you put shelves on the walls or get a bed with storage underneath example: http://www.jordans.com/room_facts.asp?item=BZ0-40240-0&room=bedroom&style=all&type=beds&size=&index=42 make sure not to over furnish the room though, it could feel cramped and even smaller, make sure you leave a lot of open space.. hope those help =]