Worn-out nylons can be used to hold tools on pegboard if you run out of pegboard hooks or have something bulky to hang up. Knot up one end, then feed the nylon through the back, and then loop it through appropriate holes for the tools you want to hang. The nylons will stretch nicely to fit various tool shapes and will actually hold the larger tools more securely than the older-style pegboard hooks. This trick works best if you are able to gain access to the back of the pegboard.
Nylon Solution
