Abstract: A waterbed pedestal for supporting a waterbed frame and mattress on its top surface, the pedestal of the type comprising a plurality of panels assembled to form head, foot, and left and right side faces. The pedestal includes a cavity that is positioned to extend underneath a waterbed mattress so that the mattress covers the top of the cavity, and that opens at its front in one of the faces of the pedestal. A safe is positioned in the cavity and secured to the pedestal. A removable panel is positioned over the front of the cavity to close the cavity and hide the safe.