Abstract: A disposable device for receiving and holding sharp implements such as surgical sharps or the like includes a top member connected in spaced apart relationship to a bottom member and defining a substantially enclosed receiving area therebetween. The top member has an outer magnetic surface for receiving and retaining various sharp implements, while at least a portion of the receiving area also includes a magnetic surface adjacent the bottom member. A portion of the receiving area also houses a foam block or similar material for frictionally receiving and retaining additional sharp implements such as needles or the like, and the top member can be hinged for selectively providing unencumbered visual access to the contents of the normally enclosed receiving area.