OMG IM IN LOVE. Wooden initials on fabric covered base: Cheap version: wooden letters from craft store, spray paint whatever color you want, ply-wood from lumber store, fabric, sometype of heavy duty adhesive!
Print a picture, spray paint a piece of wood black, cut picture to match size of wood. Coat wood in Mod podge then lay picture on top. Once it has dried thoroughly, use sandpaper to rough up the edges, then put a layer of mod podge over the picture.