Wall around the pipes. When planning the walls that fill your basement, take these pipes into consideration, planning a wall to cover over where the plumbing pipes protrude. Using 2-by-4 lumber, frame around the pipes and attach the framing into place. Finish by drywalling over the framing and then painting the area, creating a wall that completely hides the pipes.
Panel over the pipes. For a more affordable option, use paneling to cover the pipes. Create framing to fit over plumbing pipes using 2-by-4 lumber. Attach the wood paneling to the frame, creating the look of a wall without taking on the task of drywalling.
Incorporate the pipe into built-in furniture. If your pipes are an odd shape or in an odd location, add build-in furnishings to act as pipe covers. For example, create a low bench and put it into place in front of the wall from which the pipes protrude, covering them up effortlessly and with style.