Years ago, when I worked at Macy's I picked up a magnetic knife strip on crazy sale. (You know those sales, it's 50% plus 25% plus employee discount = practically free.) Sometime around Christmas we outgrew it:
For the super curious - here's half of the kitchen setup:
So, a trip to IKEA provided me with this:
A little switcheroo and voila!
And because I'm not one to waste perfectly good items: