I have been wanting to make something to hang in our living room wall that added a personal touch to the space. I really like banners and initial things...so this is what I came up with.
studs (available here)
print-out of letters to trace
Start by cutting out the shape you want your banner to be. I didn't make a pattern - I just placed my letters on the canvas and used them to judge how big to make the banner. Keep in mind that you will be folding in all the edges about a half an inch to stop fraying.
Tie your rope onto the dowel and hang it up!