What you see is the remains of a laminated hardwood head board that I picked from a curb on my way home a few months ago. As you know I am always on the look out for wood that is worth re-using. If you look it is amazing what is laying around, much of it nicer that pallet wood.
Friends of mine had some work done in their basement to help in organising their storage space. They build a basic solid workbench from 2 x 4's and asked me to check my off cut bin for some pieces of wood to make a drill bit holder/organiser. I wanted to use hardwood so that the holes drilled to hold the bits wouldn't break down too quickly.
The resulting is a three tiered holder, before drilling is 16 x 6 x 3/4, 16 x 4 x 3/4, 16 x 2 x 3/4 inches. The head board was probably birch, so hard. The stain that covered the head board was of the stained varnish variety that sanded off without much effort.
In keeping with Chris Schwarzs' 'make pretty' thinking I used a round over bit on the leading edges, then filed and sanded the end grain and edges. This bit holder had no sharp edges and no saw marks showing either. It is nicer than the one I made myself a few years ago to hold router bits. That's just embarrassing, time for me to organise the drawer and its router bits.
Just an FYI. A really nice bench top router table, that will do lots of 'make pretty' .