If you like your glasses as close as possible to your kitchen's water source, use an IKEA spice rack to hang 'em on the cabinet closest to your sink. Your thirst will thank you. Click through for more on this and other kitchen IKEA hacks.
Small Workshop Storage Solutions: Eke out every cubic inch of storage in a basement shop with pivoting boxes that hang between the ceiling joists. http://www.familyhandyman.com/workshop/storage/small-workshop-storage-solutions/view-all