I had an extra shelf sitting around from a basic wire shelf kitchen rack, so i decided to turn into a hanging pot rack.
Step 1: Fasten to Ceiling
I used eye hooks threaded into the ceiling using a studfinder. Connecting the two eye hooks is a length of chain and a quick link on either end. I routed the chain through the holes on the corners of the shelf. Once it's fastened to the ceiling use S-hooks to hang pots and pans. Bonus unusual use for ordinary things: break a plastic coat hangar in the middle on the bottom to use as a paper towel holder. The plastic is flexible enough to put a new roll on but still rigid enough to hold the roll.