Here are some pictures showing my steering wheel makeover for my '72. I wanted something a little different but still keeping some tie in to the original rather than go aftermarket.
The first picture shows what it looked like when I bought the car. Covered in some weird wrap and lots of rust.
I wanted the redone wheel to be thicker so I wrapped two layers of felt around the original wheel to make it about 1/4" bigger in diameter.
Finally, I wanted it wrapped in leather. I considered Wheelskins, but I wanted the outer part of the spoke to be covered as well. It took me a while, but I finally found a local place that sold leather remnants big enough to go around the whole wheel. I used some smaller pieces to develop the templates for the spoke areas as well as to determine the width I wanted. I made myself a little hole punch using brass tubing and punched all the holes. The lacing is RealleatheR craft lace which I bought at JoAnn fabrics. The spokes are painted the same color as the exterior of the car to put just a little pop into my otherwise all black interior. I spent waaaayyy too much time on this, but it IS a hobby and I'm pretty happy with the results.