For years I have littered my house with small bits of yarn-- the clipped ends from pin loom woven squares and rectangles. I finally started putting an empty Kleenex box next to my chair in hopes of containing the mess. This receptacle is my next step up from the Kleenex box.
This was a simple decorative box until I added a hole to the lid. But it has worked so well and been such an elegant improvement in terms of keeping the yarn litter off the floor and out of my vacuum cleaner that I had to celebrate it with everyone!