This would also work as a ribbon holder/dispenser. You could make small slits in one of the long sides for the ribbons to go through. You could also put small pieces of blu-tac there to hold the ribbon & stop it retracting. Or unfurling.
11 Amazing Uses for Washi Tape in Your Dorm, including using it as as a colorful and functional organizational tool in your planner or on a calendar! Have fun with wash tape by choosing a snowflake pattern for the holidays or palm trees for spring break!