this is one of my favorites - a hanging show thingie for my fat quarters. except when i replace it because the plastic is tearing from the weight, i will pay more and get cloth ones (i think IKEA has them).
this is my other favorite for planned projects. i use the 2 gallon bags and put in everything for the project and hang it with a pants/clippie hanger. i'm running out of room so i must get busy!
i have pegboard, but it's mostly for my scrapbooking stuff. but you're welcome to take a look at the link.
my space