Clothespins, cardstock, Mod Podge, foam brush, exacto knife.
For this project, I printed out some words on cardstock in a font I liked. I looked through a bunch of free fonts online and found one that I liked.
I left enough room between each word so that I could cut them out, and left enough room to podge a clothespin on top of the word.
I let them dry for a few hours, and then cut them out using my exacto knife. I swiped on a coat of podge over the top and sides of the paper, and let dry.
I printed out some cardstock to clip the clothespins to, and that was it. Simple, cheap, and fast.