I have seen a few peg boards used in craft spaces around blog-land. Including this one by Nest of Posies:
Before I thought that peg boards were only for husbands in the garage who wanted to organize their tools. Once I saw these I realized it was a great way to organize craft tools as well. So I bought some materials and got to work.
I first laid out my materials: The peg board I found at Home Depot for under $10. (They sell them cut there, at Lowes they only sell the whole sheet.)
Then call on your husbands help to cut some wood for you with the chop saw. My husband thinks it is great that I require the power tools just as much as he does.Then pull out the hand sander and give it a once or twice over to make the boards smooth.
Color: True Tourquoise