I was gifted a Raleigh Sprite 10 about a year ago. I rode it for a while as it was, (not handle bar grip, and only a front brake) till I bent the rear rim. So it sat. My girlfriend was gifted a Schwinn Collegiate Sport 10 (from the same guy) for her birthday. So we decided to build them into single speeds! We bought new wheels, got them dished, new tubes and tires. Found some awesome cruiser handlebars and brakes for hers, and bought a new seat and crank set on ebay. And after much confusion at the local bike shop we bought a new bottom bracket and adapter. She touched up the paint with model paint. Put on new chains and new freewheels. I found some used brake handles and wrapped my handlebars.
Now for pictures!
Her's-

The happy new owner-
Mine-
Before the handlebar adjustment and wrapping-

After (sorry camera phone pic)-
What do you think?