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Tamarack Shack: Thread Storage. This is the Alex set of drawers from Ikea - the plywood dividers have been added. What a great idea for thread storage.
Thread Rack - tutorial
Thread Rack - tutorial A piece of pegboard, a few dowel rods that will fit in the holes (1/4 or as needed for your spools), wood glue, Optional: paint and trim boards, cut dowel rods in to 2 1/2 inch to 3 ½ long depending on your spool sizes.