So, I was tired of the glue dripping on me and the carpet, so I googled hot glue gun stand and was surprised to find not much there. I did find this - http://www.diynetwork.com/how-to/how-to-build-a-glue-gun-stand/index.html
There are no dimensions or anything, so we fudged it. This cost me 98 cents for the grey u shaped thing cz we had the wood. I could have cut the wood shorter, didn't realize how long it would be. I could also spray paint it. One day, maybe!