My DH is making me one of these. I really like how it looks and he enjoys woodworking and assured me he could make one for less than $20. I think all he has left to do is sand it -- I was adamant about it being smooth.
He's a bit frustrated now because he hasn't had a chance to work on it these last three weeks.
I had to wind my hank without it, but I'm sure it won't be my last hank!
I hope that you enjoy yours!