My daughter's Kindergarten teacher recently had a baby and we made her a special baby gift. We went to the craft store and picked up wooden letters, scrapbook papers in the colors of his nursery, matching ribbon, and some embellishments.
We started out by drilling 2 holes in each letter. After sanding them a little bit we pained the sides of the letters white. Then we applied the scrapbook paper to each letter with Modge Podge. We sanded the edges and applied a few more top coats of Modge Podge. We strung the ribbon through the holes (and applied some hot glue to the back to hold the ribbon/letters in place), and then added the cute boy embellishments. We are happy with how it turned out! Apparently it matches his room perfectly.
We will probably do something like this again, but probably with smaller letters. Maybe even ones that are already white depending on the color scheme.
Memes I link to listed here.