Abstract: A storage device for elastic straps comprising a resilient housing having an interior partition to form two separate compartments into which the hooks affixed to the ends of elastic cords are placed for suspension from a peg or other such hanging device for the purpose of preventing the hooks of the elastic cords from getting tangled with other cords or objects. A resilient support member protrudes from a sidewall in each compartment to retain the hook members therein. The hook members cannot pass beyond the support member unless adequate force is applied to temporarily deform said support member and housing to allow for the passage therethrough. A means for suspending the housing member from a peg or hook is included on the upper portion of said housing member. The device of the present invention may also be constructed with a single storage compartment.