Ever see a dive bag that looked like a belt monster ate it? My buddy's gear was a wet tangled mess until he tried your pegboard trick. Now his garage looks organized and he's actually on time for boat trips.
Honestly my belts used to live in a sad, wet pile on the garage floor. Looked like a sea monster barfed up a hardware store. @diana140 mentioning the pegboard thing finally shamed me into trying it. Now they're all hanging up neat and I can actually grab the right one without a ten minute wrestling match. My past self would be shocked, I used to be the king of last minute untangling.