Magnetic racks are sold in kitchen-supply stores to hold knives on the wall, but they also work well as organizers. Place small objects, such as sewing notions or office or craft supplies, in round tins or steel boxes with tight-fitting lids. Use superglue to affix a sample of the contents to the top of each box so you'll know what's inside; place the bottom side on the magnet. Hang larger metal objects, such as scissors or a stainless-steel ruler, directly on magnet.
Martha Stewart Living, October 2004