I was at a music store when I saw a soldering iron stand like this. at the time, I didn't have a soldering iron, so I didn't care. but it came back to me today when I was soldering and couldn't find a place to put my soldering iron. so I made this.

Step 1: Get Stuffs

you will need:

coat hanger
wood
nails
pliers
bolt that's a similar width to your iron.

Step 2: Wrap Hanger

you will need to take your pliers and bend the end of your hanger into a hook. then, you will need to put the hook onto your bolt. then, hold the hook in place with pliers and wrap the hanger around your bolt. you may need to compress the coil, so do that by squeezing the coils with the pliers.

Step 3: Take Coil Off and Make Adjustments

now, slide the coil off the bolt. check to see if your iron fits. if it does, great. if it doesn't like mine, then you might need to make it bigger. what I did to make it bigger was I grabbed one end with pliers and twisted the other end the opposite direction of the coil. also, you might need to bend it if it bent while it came off the bolt. you can just do that with your hands.

Step 4: Prepare Wood

now, take a piece of wood about 8 in by 8 in. drill a hole in the center.

then, make a groove going outward from the hole. I used a utility knife, but my wood was very soft, so you'll probably need something else like a chisel.

Step 5: Insert and Nail

now, you need to insert the remaining coat hanger into the hole you drilled. after that, you need to put the metal protruding from the other side into the groove.
after you do that, take another piece of wood the same size and nail it to the bottom of the piece of wood to lock the coil in place.

all that's left is to put your iron in and you're done.