I went to my building supply store and pick up a shelf, 12 x 60, for just $4.99. They'll cut the wood for free, so I asked them to make two cuts. I ended up with two pieces of wood 12 x 24 and one 12 x 12. I painted a piece black, and then started cutting out some words using my cricut cutter. Now, while I really liked the look of just using orange and white letters, I couldn't restrict myself like that!
Once I had all of the words cut out, I placed them on the board, and rearranged them until I was happy with how they looked. Then I grabbed my Mod Podge and starting sticking the letters down. I took the words off one at a time, painted on a coat of Mod Podge, and placed the letters back down. I slathered on a protective coat of Mod Podge once the project was done- mostly to protect it from my kids!
I'm so happy with how it turned out, and I'm already thinking of the possibilities of one (or two!) to make for Christmas.