This is a great idea to get those stuffed animals you or your child can't part with up and off of the floor! I love it because it got a bunch of clutter out of the way but still looks pretty hanging from the ceiling.
What you'll need:
6-7 feet of Chain-link from Home Depot or Lowe's. (I used the white because I thought it looked nicer than the silver)
Next I ordered hooks off of Amazon but I'm sure you can get those at Home Depot too.
Butterfly hooks & screws to go into the ceiling. I would recommend using two or three or weight control.
I'm not sure how much weight this can hold but I wouldn't overfill it with too many stuffed animals. There is around 30 on ours but a lot of them are small.