I wanted something that could hand in my craft room closet and stay out of the way, so I bought this beauty from amazon for less than $10 (beware, you probably should also plan to buy a heavy duty hanger with it as well because if you have an arsenal like I do, your plastic hanger will break in a minute) and I love it.
Now, I can easily see everything that I own at a glance and just be able to grab and wrap. It has multiple pockets so that I can fit all kinds of sizes of wrap as well as tissue paper and gift tags. The only real issue is that it didn't have space for my gift bags or ribbon.
My solution was picking up a swing arm pant hanger (like this) from Target. It gave me plenty of room to store all of my ribbon & also have a few layers for all my gift bags.
I am pretty excited that I now have extra floor space in my closet and my wrap, ribbon, and gift bags are all perfectly organized. Never again will I scramble to make the perfectly wrapped gift!