Some people hate it ..some people love it..personally I was on the fence but I kind of love it at the moment. Sheepskin has had a revival with lots of synthetic varieties and in lots of different colours and as it's small it's an easy texture to play around with in your interiors. It also goes well with a great many colours and textures.
The best way to use sheepskin is as a throw or a rug to soften up the colour scheme in a room and add texture to a monochrome palette. It looks great in greys and blacks or against greys and blacks. it's lovely on the floor of a nursery or on a leather chair or sofa to add that little bit of cosiness and warmth.
It's certainly looking a whole lot better than it did in the 70s....Here's a great range of inspirational ideas of how you can integrate it into your home