What Hole in My Wall?

So, one of the many joys of living in a house that is over 100 years old, is that things are ALWAYS falling apart, breaking and dying. One of these beautiful things is my wall. I've always hated wall paper, but my mom has always been a big fan and it was not until my high school and college years that I realized why : ) Basically, some of our walls would just fall apart if it weren't for the giant band-aids we call wallpaper. I'm pretty sure the drywall in my room has been around since the house was first built in the 1800's and its a wreck! In high school I wanted to put a whiteboard on my wall, but my mom insisted that my brother put it up for me (due to her fear of my walls collapsing). Well... lets just say it took him several tries and when he was done I thought... "why is it crooked? and why isn't it snug up against the wall?" He left my room angry and said something about the stupid molly bolts? When I looked behind the whiteboard, I realized that there were SEVERAL holes in my wall that I think just caved in when he was hitting the nails : ) So, ever since then, there has been a vast array of pictures and such hung over some of these holes to cover up the disaster. Last semester, I decided that I would just start painting over all the holes in my wall instead of hanging more weight on the already decrepit drywall : ) I never had time to actually do it though, so I just taped up a drawing of what I was going to paint and I finally started on the first hole last night : ) Can you see the hole? I think I might just start taking pictures of everything in my room that has been "re-decorated" to cover up the disaster areas : - )