Thanks to everyone for the great feedback
It makes me want to finish it now and start with the other one!
To answer some of the questions here is what I used and how I went about redoing the couch!
The tools I used: A cheapo staple gun that my roommate let me borrow, a hammer that I used to hammer in some staples that wouldn't go all the way in, a pair of scissors, and this other thing that I think are pliers to pull out old staples.
My fabric: $60 suede like slip cover from Wal-mart
It took me about 6 hours straight working with a few breaks in between to get to where the couch is now.
With my couch and I am sure its like this on many couches each section (arms, back of couch, bottom, arms, etc.) are all separate fabric sections if that makes any sense.
I started by taking off the ruffles and then noticed that the sides, front and back were stapled to the bottom underneath the couch which makes for nice clean corners.
So then I started from the front bottom and just cut sections of my slip cover that went with each section. The hardest part was figuring out the detail in the front arms. But I noticed that the inside piece of the arm was detachable so I recovered that and then put it back on.
Also another tip that might help anyone else is for the staples not to show. Staple from the back of the fabric in a straight line so that it hides the staples. I think its like making a hidden seam? The hard part is the corners and I found it's best to staple from bottom left or right and work your way up to the top then from left to right at the top and back down then staple bottom to underneath the couch on the front side of the fabric. The staple gun I used was alittle bulky which made it hard to get in the corners.
I'm not sure if any of this is making sense but I hope someone understands haha.
Also make sure when you staple that it is into the frame wood otherwise the staples will probably come out.
I worked in sections and took off each section before I worked on it except for the pillow backing. So that I could see pretty much how it was done which I think made it alot easier than I had expected it to be.
The only other tip I could possibly give is take your time and have fun!