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This stuff is really quite interesting.  It's a product called Faux Panels.  It is designed to look and feel just like stone and covers existing walls anywhere in your home. 

There are countless ways to incorporate faux stone into a home remodel.  The example here is a kitchen remodel.  The stone shows off the beautiful color blends of tans, grays, and brown stone, complimenting the cabinetry and highlighting the double oven appliances.  There are other great ways of using for this product.  Fireplaces, back splashes, accent walls or even the exterior of your home can be finished with this product.

This post ties into the current design of a home remodel we're doing here in the valley using a very similar product by Weathered Stone.  Click
here to watch a video explaining Weathered Stone.