I needed an attractive and efficient way to store my colored pastels pencils. My husband and I found the solution in an old log. We shaved off the bark then drilled some holes to create a rustic pencil holder. We made it over a year ago and it's still holding up great to weekly use!
Full instructions are here:http://crabandfish.blogspot.com/2012/07/diy-pencil-holder-from-scrap-wood.html
Thanks so much for looking!