I still have material that I bought to recover a chair several years ago (I apparently bought WAY too much, as I have used it for so many projects since then--see below-- and I still have a ton!), and I have Sharpies because, duh, who doesn't have Sharpies.
I printed L-O-V-E letters to use as my stencils (don't forget to reverse the image so that it's the right way when you flip it over!). I love 'typewriter' fonts, but you can use any font you like, or even freehand it. I traced over the reversed outline with pencil, then put the letter right-side-up on the material. I traced over the letter to transfer the pencil to the material. Make sense?
Just a few of the things I've made with this material...