Go to a craft shop or section and buy some premade round or some other wooden shape. Buy some craft paint of your color choice. It may take several coats to cover it. Buy some stencils of letters to use or find some letters to copy on the internet. You can make stripes by masking of the lines or use ribbon scrapes to decorate the wooden figures. Another choice is to make the letters out of material and use heat and bond or another adhesive that has been applied to the material and iron it onto the wooden figure. It would be good to put a clear top coat over it. Then use your stencil to make the letters. Once you've invested in the paint, ribbon and stencils it will cost you about 50 cents to make. It's a cheap project to make. Good Luck!!