Paint samples are really cheap (cheaper at Lowes than Walmart). Grab a blank canvas (also cheap), use painters tape to make a design, and buy a size appropriate wooden letter, or smaller letters to make a word, and paint those= Awesome art.
Would be cool with burlap/lace -Fabric covered magnetic FRAME -DIY TUTORIAL! Use it in the bathroom for makeup or office for pictures, notes, business cards, keys, etc. Great way to organize. So many possibilities!