A proper solution? An unfinished scrap of transluscent fabric wrapped around the cord. I hot glued about 5 areas that needed to look cleaner, but overall, it's just wrapped and stuffed up there.
The 3 fabric pins are from The Pleated Poppy- I bought these on a whim (along with a fabulous checkbook cover) and have been irritated because I couldn't find a use for them. They are useful now though, and I think they give it that extra touch of fun elegance!
And yes, her room is that PINK! It was an "oops" color from a local store I got for $5. I added a $4 quart of bright white paint to it to try and calm the color down, but it didn't help. Oh well. My daughter is thrilled with the radioactive pink, so that's what matters. I've got some work to do in there, but it's coming out great. I'll be posting the reveal next week.