Well, they're just tucked away in one of my drawers, really. Still pretty accessible, but no one should be able to get to it unless they walk in and look for it. What I really hide is my heap of clothes. I just dump them in a box and put some folded clothes on top of them.
Yeah that's very true. I HAD some sennheiser headphones. They were about $400 bucks and looked really awful on me (the sound was AMAZING though). I never wore them out of the house but they always sat on my desk next to my computer. My friends would constantly mess with them when I wasn't looking and then broke them.
Normally my friends would just pay me back for what they had broken, but they didn't realize they were so expensive. I didn't get headphones back, but they buy my lunch every time I see them from now on.