(source)I just clicked all the way through to the source and see that this beauty goes for about $335. Whoa!!
I really did not research any instructions on how to accomplish this look. I began by purchasing a 14x14 canvas on sale at JoAnns for roughly $8.
Next, I searched through my scrapbooking stash of chipboard letters. You could also purchase wood letters which might give you a bit more depth. Because I knew I'd be painting over the whole canvas in white, I did not concern myself with the colors of the chipboard letters. I also wanted to make do with what I had on hand, so there is a bit of variety in the fonts. Here it is in progress.
Next I did 4-6 coats of white craft paint on only the letters paying attention to cover all the grooves of the letters. Finally, I painted 2-3 coats over the whole canvas (with help from my eager children). This canvas was created to be the centerpiece above a dessert table celebrating Shelby's First Communion.
In all, I spent less than $10 because I had all the material except the canvas. I plan to hang this in Shelby's room now that the party is over. I think this would make a great gift and am inclined to make more.