'On The Fly...DIY' Recessed Shelving Between the Studs

In small rooms, floor space is at a premium. So when you've got to have storage, don't add furniture. Instead, build recessed shelving between the studs. You'll get the extra space you need without sacrificing square footage. This episode of 'On The Fly...DIY' is sponsored in part by Rust-Oleum.
Shopping List (affiliate links for your convenience):

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OR a small sledgehammer: https://amzn.to/2C5IWn7
Wood filler: https://amzn.to/2zZjHS1
Stud finder: https://amzn.to/2IKtZIj
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Serrated knife: https://amzn.to/2yx5CJB
Small level: https://amzn.to/2y7Eql4
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Thin plywood - https://amzn.to/2yl5uww
Shelf Liner/Wallpaper - https://amzn.to/2RzTqAj
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Nail gun: https://amzn.to/2E4NpJf
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You might also need:
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Spackle: https://amzn.to/2IK04zL
Putty knife: https://amzn.to/2RBcD4E