I think I've found my new obsession to get me through the winter. Why have I never heard of this before? And it is so very inexpensive too. Thank you Baby Night Night Boutique blog.
Here is my first attempt at it.
I used my favorite trick of using the computer screen as a light table to trace the image:
I found it easier to cut the paper from the back (wax) side.
Then iron onto fabric with hot iron.
I just used regular black puff-paint for fabric.
Let dry fully, about 30 minutes to be safe.
Peel away once dry, and then smile at your handmade monogram.
It isn't 100% perfect, but it is the best I've ever found.
Buttons inspired by this post.