Magnetized Pin Box
Source: Martha Stewart Living, May 2008
This magnetized box keeps a few pins safely within reach, so you won't have to rummage through a box at the risk of your fingers. Prime and paint a wooden crafts box; leave the face of the raised platform on the underside of the lid unfinished. Cut a rectangle of self-adhesive magnetic sheeting to the same size as the platform. Then cut a piece of fabric to the size of the magnet plus 1/4 inch on all sides; snip the cloth's corners diagonally, as shown. Lay fabric facedown, and center the magnet on top, adhesive side up. Peel off paper, and fold back the fabric edges onto the sticky backing. Apply craft glue along the 4 edges, align the magnet with the platform, and press firmly to affix.
Wooden hat-pin box, $2.40, woodcrafter.com, 800-704-3772