If you choose to use Mod Podge you can use any paper or fabric to cover a dresser. I recently used a pretty tissue paper to accent a bench. The directions are on the Mod Podge bottle but basicially you paint some on, lay the paper down and let it dry then paint a few coats over the paper. I like to build it up and put about 4 coats of Mod Podge. It comes in flat and gloss too
Several years ago, I updated a really, really old white bedroom set I got for my 16th birthday with pre-pasted beadboard wallpaper (and new drawer pulls) since I wanted a more coastal look. I'll include some photos here.
This HT member posted about a fabric-covered dresser that turned out gorgeous, but I don't see why you couldn't do something similar with wallpaper, if that's the product you prefer to use. http://www.hometalk.com/1582599/dresser-makeover-with-fabric
Just an added note... If you are interested in beadboard wallpaper, not all beadboard wallpaper is created equal. I only use the Graham & Brown version because, in my opinion, for what it's worth, it is the most realistic I have seen. I've used it in many applications throughout my former and current homes and it has repeatedly fooled even the most experienced contractors. No one can believe it's really wallpaper until they actually touch it. Another HomeTalk member, Rhoda V. sells the Graham & Brown version here: http://southernhospitality.mybigcommerce.com/