Built me a drying rack. Yesssssssss.
Had some help from my dad who's got a basement full of power tools - only problem is there's a right way to do things and then there's the Alfredo way of doing things. So it took us a while. But eventually we managed to get it together.
Thanks to everyone one on here, especially Mark whose thread was incredibly, incredibly helpful.
I still have to buy a couple more sheets of masonite (couldn't afford the pegboard). You'll be able to find more photos on my FLICKR site. Thanks again!