Let me just say, I am envious of those who have the space for a dedicated craft room. Okay, I covet. Maybe someday :)
For now, I have a great little cabinet that I keep my sewing machine and craft items in, and it has a closing door to hide everything away when it's not in use (which is maybe once a year :) ).
Up until now, I have had this little plastic container for my thread - which has been a nightmare. The lid does not stay on, and I have no place to set it. So, every time it tips, the lid slides off, and thread falls out! Don't buy one :)
I decided that I wanted to get my thread off the shelf and onto the wall. I've discovered that these days, I need to start going up instead of out if I want to add more storage (Just take a look at my picture frame bookshelf and pallet shoe rack. Both great examples of getting things off surfaces!)
I took a strip of scrap wood, about 1" wide, and cut it just shorter than the length of my cabinet. I planned to use the pegs from my plastic thread holder, but this would work with little wooden dowels too. Each peg is 2" long.
Using a drill bit the same size as my pegs, I drilled holes along the wood at 1 & 5/8 inch intervals. This allows each peg enough side to side space to fit even large spools of thread.
My drill holes didn't go all the way through the wood - they are just deep enough to fit the peg a few centimeters down into the hole. I used hot glue to secure them in, making them angle up slightly to help keep the thread on.
I put sticky backed velcro on the back of the wood to secure the wood to the cabinet.
And here are the peg strips - nicely in the back of the cabinet! Now my thread is easy to access, and doesn't take up shelf space. Woo hoo!