Abstract: A refurbishable cushioned spool suitable for storing and transporting an extended object. In one embodiment, the spool includes a cushioning material which is removably attached to the cylindrical body portion of the spool. In one embodiment, the cushioning material is held to the spool body by double sided tape. The invention also relates to a method of refurbishing a cushioned spool, including the steps of providing instructions to an end user to return the cushionable spool to a refurbishing center once the extended object has been removed from the spool; inspecting the spool for damage, refurbishing or repairing the cushioned spool; reusing the spool until the end of the useful lifetime of the spool; and thereafter recycling at least a portion of the cushioned spool.