I love these ideas for repurposing wooden hangers. While they are probably best as hangers these ideas to give them another useful life are great. ReFab Diaries: Repurpose: Hang on to your Wood Hangers!
Buy a mirror. Put letter stickers on it. Paint over the whole thing. Peel off stickers. (use canvas instead of mirror. Paint canvas what color you want your letters to be first, then letter stickers, paint over, peel off)