Oh yeah. I have a quilt (top) I've dubbed "the ugly quilt". It started with a layer cake in a fabric line I really liked, but I picked a bleh solid to go with it. The solid matches some of the layer cake fabric perfectly but it was just the wrong choice and now that it's all put together I don't like it at all. Some day I'll finish it into a quilt and start showing it to people - someone will love it. It's not truly terrible, just not to my taste, at all. It's grown on me a little bit, but not enough to make me want to finish it for myself.
Found a picture of it.