I might make a stand to put loot on. But I'm not entire sure yet, the idea of converting loot into furniture/hats was something I thought of early in the process of making diving. However, being able to turn ANY loot into furniture devalues existing furniture as it's easy to get a mass amount of items(like shells).

So to balance it out, I might make a stand that you can put a loot item on to show it off like the hat stand.