A better approach to pegboard

A friend pointed me to this LifeHacker post about keeping pegboard organized with peglocks.

Peglocks are crap. They don't stay locked, and they take too much space to work. But then unsecured pegboard is also crap, cause your pegs fall out and gnaw at your inner OCD demons. So, what to do?

Here's what I did.

1) Mount your pegboard on a frame of 2x2's. I did a 4' x 6' setup.

2) Mount the frame to an L-bracket improvised hinge.

So you can access the back of it like this:

3) Use tie-wraps to secure pegs through a single hole, using a piece of scrap or cable behind the pegboard.

4) you are done.

Way better than those 3-hole wide peglocks, plus the tie wraps will never come loose unless you want them to.