What a great idea!!!
I have a thread tip to add to this thread. When I have to pic out bad stitches (frog stitching...rip it rip it) I keep a foot emery board in my sewing room. Just take that and run it over the stitch line and it pulls the loose threads right out. Looks like this....I buy mine at the dollar store.
http://www.amazon.com/BelleSha-5-pac...ot+emery+board