If you want a cute way to store your colored pencils, use a mason jar. They can be easily purchased at Walmart or your local store and they are really cute! They are also easy to paint and customize.
We have a ridiculous amount of colored pencils. Tons of leftovers seem to come home at the end of every school year and I frequently can't find where I stashed them so we end up buying more. I finally took the time to collect them all together and wanted to organize them.