A while back, I bought this thing from Ikea (in the children's section) that was meant for holding stuffed animals. I wasn't sure what I was going to do with it, and I promptly forgot about it.
Usually, I keep my yarn in a large plastic container. It gets unwound and tangled and I end up having to take everything out to get to a certain yarn. Well, I hung that thing today and I sorted my yarn by color and/or type...Here is the finished project:
Here is the whole thing. The bag is holding needles and is held there by a stitch holder.
Here's a close up of the contraption. Whites/neutrals, Colors, grays/darks.
I'm very proud of it. The thing (I don't know what to call it) was only $3 at Ikea.