A foldable container or holder that is foldable from a first flat planar shipping and storing configuration to a second erected generally rectangular configuration having an open top end for storing or holding items. The container or holder is formed from a flat planar blank of stiff material which is die cut, scored and slotted in a pattern which, when folded, forms a generally rectangular container or holder with a suspending tab for hanging or suspending the container r holder on a horizontal support track.