The term 'Bed Alternative' can be summarized by the crossword solution 'FUTON, ' which is a type of furniture that can be used as a bed or a couch. It is typically made of a wooden frame and covered with a mattress and cushions. Futons are popular for their versatility, as they can be used as a bed or a couch depending on the user's needs. They are also often used in small spaces due to their compact size.