It's really simple and quick.
You will need only a glue and and two wooden clothes pegs. And your earphones of course.
1) Glue the pegs together
2) Lock the jack of the earphones in one of the "peg jaws".
3) Wrap the wire around pegs.
4) Lock the earphones in the other side.
You can also paint it, but I like the natural color of wood.
...and voila! You have a cool looking earphones holder and you will never struggle with untangling again!
The idea of this earphones holder didn't came out of my mind, but I like it so much I decided to make it and put it here. So I hope you like it too!