craftgrrl | Tell me about your craft space

For the first time in my life I will have a dedicated craft space. I'm almost to the putting stuff in, and organizing stage. I picked up a book at the library, Organizing Your Craft Space for inspiration. There are lots of fabulous work areas pictured, but most are dedicated to other types of crafts (scrapbooking, beading) than I do. I have several large tubs of fabric, shoeboxes of thread and ziplocs of trim, and books and patterns out the ying yang. I'm constantly forgetting where I put stuff, and them don't use the fabulous vintage brocade or whatever becasue I just forgot it was there.
I'll have roughly 7 X 18 feet. I have a desk for the sewing machine, and have bought a little drop down table that mounts to the wall from Ikea. I plan to mount some measuring tape along the edges of the table (thanks Martha) for quick measuring when I've misplaced the yardstick. I'm thinking of pegboard for scissors and the like, however the wall space is lacking. However, I do have a wonderful vintage card catalog for trims and whatnot I'm dying to fill up.
So...anyone have some great ideas for fabric/crafting supply storage, or an awesome space to share? When I get it all worked out I'll posts lots of pictures to make up for the lack of ones in this post.