Free pegboard in garage. Framed pegboard for jewelry or other knickknacks. I do like the idea of using pegboard, but it is so ugly all by itself! Colored, or painted pegboard in a frame is an interesting organizing idea.
When hanging pegboard, you want to make sure that the board is sitting or so away from your wall so that the hooks, pegs, etc. can fit behind the board without damaging your wall. To do so, put 7 washers on our screws to keep the board from the wall.