Step 1: Parts list
Step 2: Assembly
Force fit the allthread, thread on two nuts, followed by a washer and the pad. The pad is simply a scrap of wood with a hold drilled through to admit the end of the all-thread. You can pad it further with a piece of carpet if you want.
Step 4: Legs
Step 5: Setting it up
Step 6: Bicycles can be hung cross ways, vertically or whatever you like
I've also hung bikes cross ways, put hooks on the stand for helmet and other gear. This method can be adapted to lots of other things (plant stand etc.). You could use the same technique with metal pipe and threaded pipe ends. Yes, you can figure that one out :-)
Hope this helps someone.