First start by cutting ~8 feet of the steel wire and tie the ends through the screws as shown in the next two pictures.
Get about 2 inches through and wrap the end around and around until you can't anymore as shown in the next picture.
5 or so twists should do it.
Screw in the hooks about 8-10 inches apart from each other (or closer depending on how many hooks you want; but don't let the rack get crowded or too heavy).
Side view of rack attached to wall.
One wall mount.
Nail the wall mounts into the wall about 4 feet apart. Try to get them into a stud with a stud finder if you have one.
Make sure to add some inspirational, catchy, hipster, funny, or nerdy quote with a big black sharpie. (Trace quote lightly in pencil first, then cover with sharpie).