On yesterday's island-wide garage sale day, I bought an accordion style towel rack for 25 cents.
I mounted it above the inside of my bedroom closet door, to hold my crochet threads. At first I thought I would need longer pegs on it, but they hang a the edge of the cardboard tube and do not fall off. What a deal and what a nice way to get my threads off the floor and up into unused space (I have to be very creative in my old farm house).
"It's only when we truly know and understand that we have a limited time on earth- and that we have no way of knowing when our time is up- that we will begin to live each day to the fullest, as if it was the only one we had." Elisabeth Kurler-Ross