Here I covered it with designer paper, added a top & bottom by tracing a ribbon roll onto a chipboard/cereal box, to get my 2 circles. Cover both sides of circles with designer paper & hot glue them to the top & bottom of paper towel roll, to make a spool.
You can make a little spool to hold your pieces of lace trims also, by cutting your paper towel roll in smaller pieces.
Tie them with ribbons, twine or use a stick pin to hold your lace, trim, material in place.
Embellish top with flowers, roses or other findings in your craft stash.etc.