Zozee, here are a couple of pictures....I couldn't get a good pic of the bootbag because it's hanging in my closet, but it is 10 compartments tall and really deep. Perfect for 2 1/2" strips. I got it for a couple of bucks at a charity shop.
I just stack my fabric...I don't have a huge stash...and scraps go in a drawer to be cut into 2 1/2" strips or strings and strings go in another drawer.
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Watson