Why don't you make a draw string bag for it. That way you can hang it. (I am a command hook junkie.)
I've made these for my grand children for their toys. They are actually pretty easy to make. The instructions are fantastic. It's really not hard to resize it also. I actually re-sized mine down to use fabric I already had on hand.
http://tonicoward.blogspot.com/2010/...-tutorial.html