If you have a lot of crafting supplies, you know how hard it can be to keep it all organized. I have a lot of wall space so when I saw this idea for a framed pegboard storage unit on ABeautifulMess.com I decided to make my own version of it. It works for storing my smaller items like tape and tools. I added some bins for harder to hang items like heat guns.
I basically followed their directions, except I used a little wood glue to attach the pegboard to the frame, then I nailed it in place rather than stapling it. Here is my version of the pegboard:
Here are the the directions for the frame. It is very easy to build.