Lyn over at Moore Patchwork was bemoaning the state of her ric rac collection - all tangled up in a box. I suggested she sort it out and wind each length around pieces of cardboard, and she was most grateful. Here is what mine looks like now. I keep them in one of those plastic containers that you store frozen pastry sheet in - I bought mine at Coles a few years ago.
The lace is another story. There is far too much of that to put in the same container, although I do wind the lengths around cardboard sheets. But they are all in a plastic pack thing that I bought in a mail order catalogue. They are meant for storing clothes, but of course you can use them for anything you like, and I have many of them, filled with fabrics, magazines and other stuff. Too much STUFF, that's my problem..
The tutorial specifed bias binding 25mm wide, and the blue was all I had in that width. The fabrics I used are batiks left over from the quilt tops I've been making.