I was working in the basement this weekend and decided it would be a good idea to go spelunking in the crawl space. What I found there was a treasure every cyclist and cheap beer aficionado would be proud of. Whoever built my house in 1937 was drinking on the job, god bless em' and dropped a few empty cans of PBR into the foundation before slapping the house on top. These cans sat still for 71 freakin years, waiting for someone with the lack of common sense to shimmy their way into the darkness and yank them into the 21st century. There they could achieve the greatness those cans were destined for... a handy tool holder on my peg board! With a can opener, a dremel tool, and a wee bit o' moxie I brought a little more honor to my beloved workspace.
I used a dremel cutting wheel to make a cut around one inch long at the top of the back of the can. Then it was just a matter of sliding the peg board bracket in through the slit. I finished it off with some glue to keep everything tight.