Clamp the aluminum bike fork in the vice in such a way that you have access to the two prongs of the fork.
Prepare to saw off the two fork prongs so that they measure 4 inches in length by squirting cutting fluid on the fork about 4 inches down their lengths.
Using the hacksaw, cut off the fork at 4 inches from its crown.
Using the drill press and the 1-inch bit, drill all the way through the 2-inch thick part of the wood.
Using the dill press and the 1 1/2-inch bit, drill on top of the already-made hole half way through the wood block. This will create a place for threaded headset lock nut to sit.
Insert the single headset side of the fork into the wood block. Put in through the side with the 1-inch hole. If it has trouble fitting, sand out the hole with the sandpaper until it does fit.
Screw the threaded headset lock nut onto the threads of the fork so that it nestles in the 1 1/2 inch cutout.
Use the adhesive glue to attach felt to all sides of the sawed fork, including the jagged, cut ends. You can alternately use bicycle handlebar tape.
Drill two starter holes with the electric drill and drill bit into the wood block, one on either side of the fork.
Screw the wood block to a part of the wall with a stud behind it, using the electric drill and a screwdriver head bit.