I found this interesting ribbon organizing idea over at the Ally Scraps blog. Neat idea but I have too much ribbon for it. Now cruise over to Ribbon Rings and look how they hang ribbons. Now use your imagination and combine the two ideas (idea via Anna Banana).
This would work wonderfully if you don't have closet space like I do. Put a hook in your ceiling and hang the hoop, put the ribbons on the Ribbon Ring stuff, hang the rings on your hoop...........I think it's a great and CHEAP idea!!!!