Here's a slick way to store a whole cluster of tools on pegboard with only two pegs. Cut some 2-1/2 in. wide mini shelves; drill holes or slots for router bits, screwdrivers, chisels and files; then drill a couple of 1/8-in. holes in the edges for the 1/8-in. diameter pegs. With a vise and pliers, bend the pegs to about 85 degrees and hammer them into the holes. Be sure the pegs fit tightly in the wood so the shelves can't fall off.