Bertrand Le Roy, who worked with Fabien Royer on the Netduino-Powered Game Console, has written up a detailed tutorial on creating your own components for Fritzing, an open source design tool for interactive electronics:

This is me shaving a yak. Shaving the yak, if you don’t know, is what you do when a seemingly simple task necessitates many recursive and unforeseen sub-tasks in order to be carried out.

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Today’s metaphorical yak is the representation in Fritzing of a $0.95 part, a knob potentiometer. Fritzing is a wonderful Open Source tool for designing electronic circuits. Its only shortcoming is that its library of components is not yet complete enough that it can be used to design all circuits. In my case, it’s lacking the SD card reader that I’m using, analog sticks and… this small $0.95 potentiometer. Well, in fact, for the potentiometer, I could have easily used one of the stock components from Fritzing that is close enough, but for my first component design, I wanted to start with a fairly simple part so I went ahead with it anyways, with the hope of having a better fit in the end.

Building a simple Fritzing component