Since wall space is a premium in the room and shelf space is abundant, I decided VERTICAL was the way to go.
Here's how I made it: I had this piece of craft wood from a previous project that had been retired. It's 5x5 inches.
And I had found a 3/8 inch dowel rod when I cleaned the back room last month, proving once again it pays to clean that room occasionally! Most of the spools barely fit on a 3/8 inch dowel rod, but I don't mind a tight fit since I have a pretty curious kitty who frequently hangs out with me while I'm working.
I marked center on the base and drilled a hole, starting with a small bit and working up to 3/8 inch to avoid splitting the wood.
Then I squirted a generous amount of wood glue into the hole and inserted the dowel rod. Wipe the excess glue with a damp cloth, ensure the dowel is centered and allow to dry overnight.
Paint the whole thing black, and now I have a spool that holds plenty of ribbon and only takes up a 5x5 inch space on my shelf.
I'm linkin' up...