I would want a larger TV but thats basically what I want my living room to be like. One big sofa bed thing to make everyone comfy and laid back! to go cheaper you could use mattress and make or use bed pillows covered with same fabric as mattress.
They call it the Chill Sack only to avoid the lawyers' C&D letter or profit-sharing demands from a major corporation. But you can go ahead and call this giant bean bag chair built for two (or three!) like it is: The Netflix & Chill Sack.