I just had bookshelves built along one entire wall in my living room. I didn't want to stick nails in it like my old one to hand my kids stockings on it. I looked around for a while and found this idea and really liked it.
I'm not a big scrapbooker, but I have some paper that I picked up here and there that worked perfectly. Made one for each child using their first initial. Husband cut the wood for me, so I consider it a joint product The t is little presents, the e is actually a light blue with white snowflakes, and the j is easy to tell.
Here is where I found the idea: http://www.crapivemade.com/2010/11/2-x-4-stocking-hangers.html