I was tired of always having to dig around for the drill bits that I find myself using most. But I also have limited pegboard space in my shop. So to make the most of this valuable real estate, I came up with the simple but compact storage system you see in the photo above. All the parts are made from plywood scraps that I had left over from other projects. It starts with a mounting base that’s two pieces of plywood glued together and bolted to the pegboard. This base supports four wings that are attached with rods, allowing the wings to fan out. You can make these wings any length you desire. I chose to keep the twist and brad point bits that I use on a regular basis front and center in the lower wings. As for my Forstner and spade bits that don’t see quite as much use, I store them in the upper wings. To accommodate the larger heads of these bits, it’s best to make the upper wings a little longer.