Here's a photo of a bed runner at a hotel I stayed at last week. The cool thing about bed runners is that you can quickly quilt or knit or weave one and change it with the seasons because they don't take a lot of fabric and really make the bed look great.
Now here's the one I just knitted on my Brother 970 standard gauge machine.
I wove it using the 1x1 pattern just because I wanted to weave but I think tuck stitch or a fairisle would look just as great. In fact I almost wished after I started that I had done it in squares like a quilt so I could embroider in the white squares. Oh well, as I said....you can make them to match your mood if you want, they're small so the next one may be knit squares with a fabric backing on it.
I used Tamm 3 ply for the knitting yarn and Red Heart's TLC Baby, 2 skeins of color New Mint Sparkle, for the weaving yarn. I planned on 70 inches so that it would lay across the bottom of the bed and overlap just a little but had just a little yarn left over after my 700 rows and decided to go ahead and keep on going so ended up with 730 rows using all 200 needles for the width. I bought a ball of Patons Astra for the worm trim and knitted 5 stitches 8 rows all the way around to give some body to the edges. I thought I would put a fringe on it if I needed more length but it turned out just fine.
Some bed runners I've seen are narrower, this could easily be folded in half and placed farther up toward the middle of the bed as shown here: http://www.alibaba.com/showroom/bed-scarf.html
This could be made on the Bond or the mid guage machine just as easily as on the standard gauge machine.