Its interesting how some old kitchen items can be given a second life in the shop.
Wife has one of those vinyl-covered wire drainer basket thingies in the kitchen sink - with a detachable three-compartment nner basket for silverware. She replaced the inner basket because the vinyl got knicked and the steel wire used to form the basked started rusting. So I grabbed it for use in the shop. I attached it to the front of the lathe stand to serve as a convenient holder for odds/ends of tools such as the rubber eraser/sandpaper cleaner, an adjustable wrench, and a red ny-web pad that I use to clean the lathe bedways. The fact the compartments are made of wire means that any dust or chips that fall on it just pass on through to the floor rather than filling up the compartments. And the little bit of rust isn't an issue in the shop.