
After:

I removed my worn out steering wheel, cleaned it up, filled the cracked spots with JBWeld, sanded it smooth, Truck bedlined it to add texture and seal it all up (paint was flaking on the support arms). I was going to reinstall that way but I ended up running across a leather wheel cover that seemed decent, $13 at Target, yeah I know, should be crap, but it seems pretty good. I went to the fabric store and got upholstery high-strength thread, this stuff it great, and leather and canvas needles. I sewed up inside of the wheel, and it's quite tight and fits excellent. Overall I'm happy for the price considering a cheap wheel from a parts store runs multiple times the cover and an adapter costs that much or more.
Before I get the 'awe that's crap' response, remember this is a $2011 Grassroots Motorsports Challenge Car, only I'm going for a low-buck stock-ish, resto-ish theme instead of a full-bore race car...