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Honey Can Do Chrome Adjustable Hanging Closet Rod
Credit: staples.com

If you have to share your closet with a roommate (or two), double your space with an adjustable closet rod. It'll make it easy for you to hang longer clothes like pants and dresses. Plus, you won't have to worry about fighting with your bunkmate about one more thing.

To buy: $19, staples.com.