Everyone should have a pegboard. Here's the Ultimate Guide to Pegboards, and why you should run out and get one right this minute! Pails hung on a pegboard! Also has instructions for building one and hanging it up
Organize Anything with Pegboard: 11 Ideas and Tips
Go Hookless: Clip the tips from No. 6 hollow wall anchors, drive them into pegboard, then secure your tool holder by driving screws into the anchors. Short lag bolts fit snugly in the holes to create additional hangers for lightweight objects.
47 Easy Ways to Get Organized Making Use of DIY Pegboard Ideas