My roommate moved out last month, so I moved into the big bedroom. Took it as a chance to take stock of what I actually wanted in my bedroom. I like having my crafts around me, so I came up with this organizational system:

My desk is a standing desk made of 2 black filing cabinets, 2 3-drawer scrapbook paper holders from Target, and a large piece of wood painted white. Underneath the desk are 2 2-shelf cubes also from Target that hold all my yarn in and on top (the ones facing out are stuffed into those photo boxes). Between those is my sewing machine, which I should really not have on the floor, but eh. The bookshelves hold all my craft books, jewelry supplies, embroidery floss, fabric, blank books for design ideas, and more photo boxes - some of which are actually holding photos! The pegboard (my new favorite thing!) I thought was going to have to be painted. Which would have been a total pain, because it's been consistently 95-98° here. But Home Depot had some in white! So I got 2 2x4 sheets and just hung them up last night. My favorite thing on the pegboard is my Whitman's Mucha tin that is holding my mini glue gun. It's amazing how getting everything organized actually makes me want to craft more. Now maybe I'll use that iron you see up there. (hahaha.)
Thanks for looking!