Lifehacker is such a fun site. On Monday they posted a story on how to make a home theater, albeit a very cheap home theater in every way. What I mean is that the cost of this set up is crazily inexpensive but you get what you pay for. The quality of such a theater is as cheap as the price. Still, if you're renting or only need something with a big picture for when the guys come over on Saturday and Sunday to watch the games, this may be the ticket.
Here's the story from Lifehacker, How to Put a Movie Theater in Your Home on the Cheap.