For this project I was going to Hobby Lobby to buy a precut piece of wood. I stumbled across this gem on the clearance section pre-painted with a ribbon attached for hanging, for under $3. Not only was it cheaper than buying the precut-out wood piece, it also saved me time in paining it! All I needed to do was embellish it. I wanted to turn it into a hanger for my long necklaces. So I picked up a knob to add to the center as well.