Here's another clever magnetic strip idea. Glue washers to the bottom of plastic containers and stick them to a magnetic strip. Use the cheap plastic Gladware containers for an inexpensive way to organize your little bits and bobs.
I needed this idea the other day, but I can't remember what for. :P How to Build an Easy Glass Bottle Cutter made up of Common Parts DIY Project - The Homestead Survival - Homesteading Re Purposing Tool