It may be a little close to Halloween for a craft, but this one is so quick I have to share. I threw it together one evening in no time, and you could too.
Letter stamps or stencils
Circle sponge dauber
Felt for backing
Black ink or paint
Orange ink or paint
Cut triangles out of burlap and add orange dots, then stamp or stencil on black letters.
Cut felt backing out pinking sheers, making them slightly smaller at the top, so burlap can fold over.
Place felt and burlap triangles together, with the twine at the top, fold the extra burlap over to the backside and sew along the top of the triangles, encasing the twine.