I saw an organizer when I was in Florida that looked like a make-up bag -- but a hairy one. It was a ribbon organizer. The walls of the bag were perforated with eyelets, and ribbons were laced through each eyelet. AT $25.00, I thought it was a bit rich for what it was.
I planned to modify a makeup bad I owned, but I realized that I wouldn't get the cropodile down far enough to punch the holes. So, I raided my fabric stash, and here's the result:
I punched rows of eyelets, sewed the seam, added a drawstring (that's the orange seam binding) and filled the bag with ribbons. To use, I just pull!