Below is a little before and after, I'm quite pleased with the results. Also, just for clarification, that big box under my desk is the subwoofer for my speakers.
DISCLAIMER: Use these instructions at your own risk. There is a risk of fire, electric shock, injury, and damage to your hardware. Be really careful.
Step 1: Shop for Parts
1) A basket to contain all the power junk ($8-$12)
2) At least 4 mirror hangers or hooks ($2)
3) One screw for each hanger. ($1)
- Make sure you get a basket that's big enough so that everything will fit with plenty of space on all sides. Make a list (with dimensions!) of all the stuff you want to get into the basket.
- Get a basket that's fairly open so that it's easy to pass wires through and it's easy to modify.
- I recommend a plastic basket that's sturdy but thin enough to cut with a sharp razor blade.
- I went with this little paper tray from The Container Store which was just the right size. However, I don't recommend using a metal basket. It's too easy for a plug to come into contact with the basket and risk an electric shock.
Mirror Hangers or Hooks
- Depending on the design of the basket mirror hangers or hooks should work really well for most people. Both make removing the basket pretty easy. With mirror hangers you can just rotate it out of the way, and hooks can be unhooked.
- 4 mirror hangers was enough for me, but if you go with a big basket, 6 or 8 might be better. The mirror hangers are really easy to install and make removing the basket really easy.
- Hooks are nice too because you can hang the basket easily. Also check out marcss method using hooks and chains to enable the basket to hinge open. Basket (Open), Basket (closed).