I used some 1/4" plywood, 3/4" dowel rod, some old bearings, some steel rod and scrap 4x2.
|The New Spool|
In hindsight the bearings may have been a bad idea, its so friction free that it will freely spin for several minutes after I give it a good heave. I've had to force the stand up close to the bearings to introduce some friction into the system.
|Compulsory Action Shot|