Ever have one of those cheap hot glue bags you buy at the store just break on you when you're trying to put it back on one of your pegboard hooks? I know I have. And, like a lot of things, there's a quick and simple fix.
Step 1: Things 'n' Stuff
Torn up pegboard worthy bag or container of whatever (in this case its a bag of hot glue)
Step 2: Tape
Duct tape is like the force. It has a light side, a dark side, and it holds the universe together....
Apply the light (sticky) side of the tape to both sides of the very top of the bag so that all you see is the dark (non-sticky) side. Repeat this a second time one tape width down. This ensures that: 1) the bag will stay intact for quite some time, and 2) the cuts won't grow anywhere near as fast.
Step 3: Cut
You will need to cut two slits, one for hanging and one for getting the glue sticks out. Hanger hole: cut a slit about 1 inch wide all the way through the bag and about 0.5 inches from the top (its in about the same place as a typical pegboard hole) Supply slit: cut a hole on one side of the bag (the front) that's 2-3 inches wide and 0.5 inches from the bottom.
Step 4: Hang
Hang the bag wherever and it should stay intact for quite some time.