Welcome to the second tutorial in the Home is Where the Console Is series! I made a short 3-minute to show you a nifty way of wrapping cables without using any extra ties or straps (because who ever has those lying around?). It's great for temporarily storing or shortening power cords, headphones, and other electronic cables.
If you'd like step-by-step pictures of how to do this, here's an Instructables tutorial I found that explains the same thing.
As a final note, the over/under method of cable coiling is the most recommended for long-term storage since it preserves cable longevity and allows the cord to lie flat when uncoiled. So if you've got some expensive, high-end equipment, like video or audio cables, it'd be best to use the over/under technique.
How do you store your cables at home? I've seen everything from twist-ties and rubber bands to tape to... nothing at all. :)