Go Hookless - You can craft your own hooks using stuff from the hardware aisle. Clip the tips from No. 6 hollow wall anchors, drive them into 1/4-in. pegboard holes, then secure your custom tool holder by driving screws into the anchors. Short 5/16-in.-diameter lag bolts fit snugly into 1/4-in. holes to create inexpensive hangers for lightweight objects.