So I finally got step 1 how I wanted. LOL Now to finish it. Here's what I have done so far.
I begged Home Depot for their empty wire spool. We took off the ends and had an empty spool. Then I found some cute scrapbook paper and decoupaged the paper on. I think I am going to try fabric next.
I think the next step will be to put a wood square on the top and bottom and on the top one I will make some kind of holder for ponies or little bows.
So if you want to follow, go to home depot and beg for empty wire spools. ;)