After getting my new x-carve set up, I chose to do a fairly small project. Not being too familiar with CNC, I think it turned out pretty well. I saw a few other bit holders on the forums but decided to make one that holds the bits in the plastic containers. The big bit holders on the far right are for the blue box V bits that Inventables sells.
http://easel.inventables.com/projects/YEWKK2vKWte46vqer6xL4g