I found that simply displaying a bulleted list can take up lots of space on the page, so instead put the list in three columns. The problem is, if there is an item with a somewhat long description, it can be split across columns. See the example below:

\starttext

    \startcolumns[n=3]%

        \startitemize[1]%

             \item pizza cutter

             \item a word processor (or notebook paper)

         \stopitemize%

     \stopcolumns%

\stoptext

In the example, it split the second item across the columns.