We've shared a ton of ways to manage the cables under your desk, but Instructables user getgreg offers a simple solution that gives you super easy access to your power strip. All you need is a wire basket.
This method isn't all that different from something like the rain gutter solution or IKEA's SIGNUM line, but it has one simple addition: with a large enough wire basket, you can actually fit the plugs in your surge protector through the holes. That way, if you ever need to plug something in or take it out, you don't have to go swimming in a sea of tangled cables—you can just reach up, unplug it, and throw something else inside.
On its own, it doesn't fit a ton of cables, but coupled with something like this binder clip method or a few Cablox cubes, you could probably have a pretty clean system going on under your desk.. Hit the link to see how he put it together.
As many of you mention in the comments, it's probably a better idea to find a plastic basket for this, since a metal one could likely cause shocks as you're pulling out plugs.
How to Mount a Power Strip (and Power Bricks) Under Your Desk | Instructables

Ever wonder who rings your doorbell when you're not home? Or do you crank music up too loud most of the day to hear it anyway? If so, Make Projects user Clement Storck built a simple Arduino powered notification system that sends him a text message and an email with a photo every time someone rings the doorbell.
Before you toss out that orange juice container or that huge plastic tub your yogurt or margarine came home from the grocery store in, why not use them to mass produce some concrete planters to decorate your yard, garden, or home with? It takes much less effort than you might think, and you end up with solid, sturdy planters you can use and reuse for years.
We'd all like the perfect home office, but finding the time and the money to make it happen is another story. If you could make your workspace exactly as you want it, what would you do?