I finished adding the lettering to my cabana stripes canvas! I played with the layout on the computer:

Then I figured out the sizing of the letters and printed them on cover stock. Using an exacto knife, I cut out the letters. When there was a shape inside a letter I left a thin connecting strip (like on the letter b).
 

Creating the stencils was easier than I thought it would be. The transparent white was a little too light, especially on the yellow. The letters didn’t pop enough, so I added the brownish glow around them. I’m happy with the end result. Finishing is such a great feeling!