This is an idea which slowly evolved over a few hers to settle in it’s present state. The space just to the left of the Trenton-Fisher vise at my primary work station was first occupied by the cutoff oxygen tank and served to hold some long workpieces upright. Sometime later a tin paint bucket was placed to should some short work pieces.
When it was no longer need to hold work pieces it gradually filled up with small tools I kept handy. About a year ago I cut up some short pieces of scrap thin wall tube of various diameters and stuffed the pail full so they stayed in the vertical orientation. Now the tools are handy and individually recognizable.
The final addition was to add some S hooks to be used as hangers. I guess one could say it just grew like Topsy.