You're gonna love this office-slash-bedroom-slash-dining room-slash-living room-slash-bathroom.

In a development that will be met with cheers by anyone who's ever lived in a cramped apartment, a team at the MIT Media Lab is working on furniture that can transform within a residence to become anything from a bed to a kitchen to a table to a countertop.

It's designed to give you everything you need in your home by maximizing your space.

Even cooler? You can access each piece just by waving your hand.

It's enough to make your rinky dink studio apartment feel like a palatial estate and wonder why IKEA didn't come up with this, first.