button Christmas tree last week, an idea hit me -- I would do the same thing but with those alphabet-letter beads, which I conveniently happen to have in my craft stash. I did one alphabet-letter Christmas tree ornament on Aida cloth and one on felt -- although I think the one on Aida cloth turned out better (which has more to do with back-pain-induced careless cutting than anything else), the felt was a lot easier to work with.
The arrangement of the letters/dividers seemed really obvious to me, but Cagatay was a little confused by the use of the hearts. More specifically -- "What are the hearts supposed to mean?" They're just word dividers -- I liked the look of the hearts (all warm and fuzzy for Christmas), but more importantly, I didn't have that many unmarked beads. He accepted this answer, but I still think he's a little dubious. :)