I saw a photo on Pinterest a few weeks ago and I thought I would try to do the same thing.
I pinned the photo somewhere on my Beautiful Crafts Board.
Now I will pin this one too.
The idea works very well, although I will need to shift the spools around to accomodate more ribbon.
Thanks to Bed, Bath and Beyond the hanger was $6.99 and with the 20% off coupon they offer you, I received an awesome deal to store my ribbons. Might even consider buying a second hanger.