I don't have a lab, I have a humble tablespace. Here's how it looks like:
1. Some books. You can guess what the thick one is
2. Small component box
3. LCD Monitor for FPGA stuff
4. Xilinx Spartan-3E FPGA dev board
5. Toolkit. Screwdrivers, tweezers, pliers, wire cutters, knife, toothbrush, propane torch, pencils and pens
6. Multimeter
7. Test leads
8. Fume extractor
9. Another component box
10. Resistor substitution
11. Crappy third hand, freshly scavenged parts box, coin jar
I plan to get a scope, but I'm not likely to expand further (i.e. power supplies, function generators etc.) any time soon since I'm a poor student who does not have money to buy such stuff and more importantly permanent home where it could be kept