I purchased two packs of little alphabet letters, acrylic paint, ribbon, little wood figures, and each of the larger letters at my local craft store (Michaels).
I started with painting each large letter my desired color and the little letters, spelling out my child's name, white.
Next, I grabbed a sharpened pencil, dabbed it in paint and outlined each wooden figure. Once everything was dry, I hot glued everything in place including my cut ribbon onto the backs.
Viola! That's it!