So I took a putty knife to the ugly red felt. It was a pain in the butt because the last person to do this hot glued the felt in and it dint want to let go. But with a little elbow grease and a little help from Chris, we got it done!
Then I went to Michaels and found some black felt that had adhesive on one side. I cut it to fit the bottoms and sides of the drawers and that was it!