ADDED: Though this answer is becoming rather long, I wanted to add another picture to expand on the points I made about unramified and totally ramified extensions above.
Here is a picture of $\mathbb{Z}_3$, which I made with the free software Blender; imagine it continuing indefinitely upward:
A top view of this object should be the previous picture; the actual elements of $\mathbb{Z}_3$ should be viewed as sitting "infinitely high up" on the branches of this tree. As you can see, this object splits into levels, indexed by $\mathbb{N}$, and on the $n$-th level there are $p^n$ "platforms" corresponding to the residues mod $p^n$. For $\mathbb{Q}_p$, the levels should be indexed by $\mathbb{Z}$.
Now what happens when one looks at an unramfied extension of degree $k$? The levels, which correspond to powers of the maximal ideal, should not change, so the levels are still indexed by $\mathbb{Z}$; but the amount of branching on each "platform" is now indexed by $\mathcal{O}_K/m=\mathbb{F}_{p^k}$. So instead of having $p$ branches coming out of each level, one has $p^k$.
On the other hand, what if we have a totally ramified extension of degree $k$? Now $\mathcal{O}_k/m=\mathbb{F}_p$, so there are still $p$ branches on each level. But because the uniformizer now has valuation $1/k$, we can view the levels as being indexed by $\mathbb{Z}[1/k]$ (if you like, the height of each platform is now $1/k$ rather than $1$).
So what is the upshot for $\mathbb{C}_p$? We can view it as a similar diagram, except the levels are indexed by $\mathbb{Q}$, and the branches coming off of an individual platform correspond to elements of $\overline{\mathbb{F}_p}$.
One nice thing about this picture is that one can actually build spaces like the one I've included in the picture---replacing the tubes in my picture with line segments---such that the elements of $\mathbb{Q}_p$ or some extension thereof are a subset of the space (living "infinitely far" from the part I've drawn), with the subspace topology being the usual topology on the local field. Furthermore, the construction is functorial, in that an embedding $K\hookrightarrow K'$ induces a continuous map of spaces. The distance between two points in the local field is then given by their "highest common ancestor" in this garden of forking paths.
(This picture is essentially a description the Berkovich spaces mentioned by Joe Silverman, though I am essentially a novice in that regard, so it's quite possible I've made some mistake; you should take this as a description of my intuition, not Berkovich's definition.)


