This may be an old idea to some of the gun enthusiasts on this newsgroup, but the idea of using plastic ammunition boxes to organize tooling was a new inspiration to me. These boxes come in a variety of sizes and have seperators molded into them. They are inexpensive and available at the nearest sporting goods store.
This weekend, I discovered that boxes designed to hold larger sporting rifle cartridges were perfect for orgnizing my assortments of #1 morse taper drill drivers and a box designed for 12 gage shotgun shells nicely holds my supply of Airco cutting torch tips. A lot easier and neater than drilling 50 or 100 holes in a board.
I am busy searching for additional applications in my shop. Who knows, I may even take some ammunition out of the ratty paper boxes and put it in plastic boxes.