You don't know what to do with it?...GIVE IT TO ME, THAT'S WHAT YOU DO WITH IT!
Right off I would say the easiest thing to do with it is use a sharpie on it to make eyes and set it up as a mummy. Maybe an ankh necklace around its neck or make a separate Pharoh's head dress and place it on top??
I'd create a giant spider to put on top, string a bunch of webbing around it, and if possible put some LED lights in the spider's eyes and add some audio sound effects. Bam! you got your first spider victim.
I LOOOOOOOOVE the spider idea!!!! I think I will take the light portion of it right out and hang it upside down....maybe pin it to the ceiling. I will get a big spider and cling it to it somewhere. I might distress the paper lantern material first and make it look more greyish then bright white. Yay, now I am excited!!!