I hate not being able to find or get at my sewing stuff. This project turned out to be a great way to get more hanging space for over-sized and often-used things. My ancient armoire has some nice overhangs at the top and mid section as you can see here.
I decided to cut pegboard to fit in that space. My lovely husband cut the pegboard to fit and put small slats of wood on each side to give space behind for the hooks to fit in. There are four screws--one in each corner--holding the pegboard to the armoire. You could still do this on the sides of a furniture piece without the overhangs, though. In fact, doing one the whole length of an armoire would be great! This is the back of one prior to painting.