My room happens to be in the basement, and I have a breaker box above my desk. It would be ugly except for the fact that it is magnetic and I can therefore spruce it up. I made my holder magnetic. I'm sure this idea will also work for non-magnetic surfaces if you use tape.
You will need:
1 earring wire
1 small snippet of wire
1 paper flower or other decoration (I punched my own out of scrapbook paper)
1 little square of a sheet magnet
1 glue dot OR some kind of adhesive
Thread the wire through the earring and fold it all over itself as pictured.
Put the folded wire on the magnet square and apply the glue dot.
Put your decoration on and stick the magnet on something magnetic! Here you can see that I hung my Fairy Bracelet on my new magnet holder!