Place one of the 1-by-12-by-11 1/2-inch pieces of lumber (bottom of the rack) on a worktable. Measure from one corner, and make a mark at 2 7/8 inches and 5 3/4 inches on one edge. Next, measure from the opposite corner of the same edge and make marks at the same measurements on the same edge. Repeat this for all four sides of the lumber.
Position the long leg of the framing square diagonally on the lumber from corner to corner, and draw a line. Repeat this with the other two corners (makes an “X”). Put the short leg of the framing square on the edge with the marks. Line the long leg up with 5 3/4-inch marks on opposite sides of the lumber, and draw a line across the material. Repeat for the other two 5 3/4-inch marks.
Set the long edge of the framing square on one of the 2 7/8-inch marks. Line it up with the 2 7/8-inch mark directly across the lumber. Draw a line connecting the two marks. Repeat this with all the 2 7/8-inch marks.
Stick the point of the compass in the center of the lumber where all the lines intersect. Pull the pencil end of the compass out to the edge of the lumber (5 3/4-inches). Draw a complete circle on the lumber.
Reset the compass at 4 3/4-inches and draw a circle inside the first one. Put the tip of the paddle bit on the points where the inside circle intersects the lines drawn across the lumber (there are 16 places where it does). Drill a hole about 3/8-inch deep at each of these points. These are for the handle end of the fishing rod. Cut the outside circle on a band saw.
Drill a pilot hole with the 1/8-inch drill bit in the center of the bottom. Turn it over so the holes for the fishing rod handles face down. Install the leg glides to the bottom of the rack with a hammer. Next, apply glue to one end of the 2-by-2-by-32-inch post. Center it on the bottom, and secure it through the pilot hole with a drywall screw.
Put the remaining 1-by-12-by-11 1/2-inch lumber on the worktable. Measure from one corner and make a mark at 5 3/4-inches. Place the framing square on the mark and draw a line across the material. Repeat this on an adjacent edge so the lines intersect at the center of the wood. Set the compass on 4 3/4 inches.
Draw a circle with the compass as before. Cut the circle out with the band saw. Drill a pilot hole in the center as before, apply glue to the top of the post and secure the top circle to the post with a drywall screw. Allow the glue to set up before installing the rubber clips to the top circle that hold the end of the rod opposite the handle.
Place the handle end of a fishing rod in the bottom of the rack once the glue is dry. Hold the fishing rod vertically against the top circle to determine where to install the rubber clip. Some clips install with tacks, so you will need a hammer, while others install with screws. The tacks or screws are included with the clips.