This would also work as a ribbon holder/dispenser. You could make small slits in one of the long sides for the ribbons to go through. You could also put small pieces of blu-tac there to hold the ribbon & stop it retracting. Or unfurling.
simply gilded Spring 2016 washi design set - cloud, mermaid tail, gold and pink ribbon *WITH* rainbow skinny foil
DIY Embellishment Storage-some of the most awesome ideas ever! Click through to check out the homemade clip-it-up! Love this fabulous decorative piece for a scraproom; so much prettier than the original.
Pretty Party Paper - Papermash Online Party Emporium: Stuff We Love