Miss Shabby Chick: Heather Must Be Crazy part 1

There is nothing like a great deal to get me excited! I went to one of my least favorite thrift stores the other day (never any good stuff) and saw this poor looking vintage headboard. I saw it from across the room and made a beeline to check it out, but when I saw it up close I was revolted. It was FILTHY, faded, and all I could picture was some black haired old lady lying in bed smoking cigarettes with 75 cats around her, while her lice ridden scalp rubbed up against this cute headboard. My boyfriend, Aaron walked over and said, "You aren't bringing that home, are you?" I thought it looked cute under all the grossness but really, do I need another headboard? So I left it and forgot about it until that night, when I looked up what these were worth and how hard it would be to recover it. It seemed meant to be that I buy this lonely little thing because it was a perfect measurement of my bed, which happens to be an odd sized bed.(Another awesome discount score!)I thought I should race back to the store as early as possible, as thoughts of smarter and gutsier do-it-yourselfers probably picked it up as I stupidly walked away. I really wanted to learn how to re-upholster and I thought this would be a great opportunity to learn, hopefully it would still be there.
The next day at ass 0'clock in the morning, I lined up outside the thrift store and wouldn't you know it? I was the only one in line and the only person there. The guy who opened the store gave me a weird look but thank God a bunch of random people showed up to shop right then. I pulled the head board out and was surprised to see it still there. If Aaron was reading this right now he'd say, "Well, yeah it was still there, the thing looks horrible!" I asked the guy how much for it and he said, "I don't know, make an offer!" I say, "5 bucks." So he looks at me and says, "Ok. You know, this is going to be really easy to reupholster!" Music to my ears! So he loads it into my car and I drive home. This thing has been in the back seat for about two weeks now and this week I am finally recovering it. Since this is my first Miss Shabby ChicK how-to blog, I couldn't think of a better project to get started on. So, I'm off to the fabric store, and here is some pics of the headboard! I want to stay with this pink color but I really want to know what sort of foam is underneath. Hopefully I won't have to replace that as well. Either way I will take you through the steps! Stay tuned!
*Pardon the misalignment on the photo captioning- I'm also working on learning that as well!*

This looks harder than I thought. Is that asbestos? Hahaha!