Abstract: A storage compartment has features that allow it to conveniently store water ski rope. The compartment has a base and a lid. A spool is rigidly secured to the base and extends outwardly from the base. The lid and the base are connected together by a hinge, with the lid enclosing the spool when the compartment is closed. The spool has on one side a recess for receiving water ski floats. On the bottom of the base, a depression extends inwardly into the spool. This depression has a flange that encircles and overlies part of the depression. The flange serves as a handle for the compartment.