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The vast majority of my stash started as FQs (I seldom by yardage unless it's for a specific project), I store it in totes by color or theme -- except my music fabric. It takes up two drawers in an old chest of drawers. Kits - either fabric purchased that way or collected by me are stored together and the put in a milk crate.
These pictures were taken a few years ago, so there has been some evolution, but the general storage is the same. The biggest issue is that when my mom passed away I brought fabric home and it's still stacked in boxes sitting around the room. But I'm using it. That's were many of my backings have come from lately. She would buy the rest of the bolt if she liked it!