All it is is a piece of cross stitch fabric, a cross stitch/embrodiery frame, and a piece of ribbon. If you or a family member cross stitches, you will have these supplies on hand. My aunt sent me her old cross-stitch supplies, but I don't like cross-stitching, so those supplies will make some nice little racks.
To make it, simply put the fabric in the frame, trim off the edges, and tie a ribbon around it. Voila, nice and organized earrings.