Apparatus for lifting and supporting a spool of windable material above a floor includes a pair of supports wherein each support includes a floor-engaging base and an elongated telescoping post assembly joined to the base so as to extend vertically upwardly therefrom. A lift assembly is connected to the post assembly and is releasably securable at alternative locations therealong, and the telecoping post assembly can be altered in length so that by positioning each of the supports adjacent a corresponding end of the barrel of the spool, arranging the lift assemblies of the stands in cooperating relationship with the barrel of the spool so that when lifted by the stands, the weight of the spool rests upon the lift assemblies, and then lengthening the post assembly, the spool is lifted from the floor by way of the lift assemblies.