This is the result that me and a SMC member knocked around to take care of the piles of tools around my lathe. The whole thing is on a wheeled automotive tray/cart. The tray is nice since it can be raised to clear the lathe bed and keep the tools closer and it has a little cabinet at the bottom for glue and finishes. To that tray I simple screwed a 2x2 strip that holds a lot of the small stuff, like allen wrenches and tool bits. Then I cut a bunch of scrap into circles and glued them into a pillar of sorts. Around it I screwed 1 1/2" pipe and on top of the "pillar" I glued together a bundle of 1" pipes to make a place for my non-handled tools. All of that got attached to a lazy susan base. It works well and protects my tools.