Making an adjustable Pliers Holder for my pegboard

After dealing with bad pliers holders for long enough, I made a simple but effective pliers holder for my pegboard. Watch to see this basic design take shape, and how it can improve your pegboard space.

L-HOOKS CAN BE FOUND HERE:
10-pack L-Hooks: http://amzn.to/1VuPU9l
100-pack L-Hooks: http://amzn.to/1W42NW4

OTHER TOOLS AND SUPPLIES
Table Saw: http://amzn.to/262R6Ui
Band Saw: http://amzn.to/1ShuImg
Vise-Grip Curved Jaw Locking Pliers: http://amzn.to/1V6RSMq
VISE-GRIP Locking Pliers Set: http://amzn.to/22zQD7C