Long extension cords inevitably tie themselves up into a tangled mess. But this simple project uses an empty bucket and some PVC pipe to build a home for a long extension cord that keeps it wound up and tangle-free.
Here's another clever magnetic strip idea. Glue washers to the bottom of plastic containers and stick them to a magnetic strip. Use the cheap plastic Gladware containers for an inexpensive way to organize your little bits and bobs.