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A muffin pan becomes a craft caddy. Magnets hold the plastic cups down to make themtip-resistant.

from Etsy

Vintage Thread Holder, Caddy Holds 69 Spools for Sewing, Crafts or Collecting

Vintage Thread Holder Caddy Holds 69 Spools by AllVintageSewing, $22.50

from Better Homes and Gardens

More Crafts Storage Ideas Using Unexpected Items