I saw this once and it really works well! You will have to use one of the hand-held Dymo Label makers
(like the old fashioned ones).
This video is a tutorial I did a while back, but it seems to have a great response! It's an Oldie but a Goodie!
original Dymo label maker
scrap strips of paper (with white core backing) about 3/8" wide
Some of these hand held Dymos have different "wheels" which can be interchanged for different fonts and characters. Walmart and Target seem to have had the best selection and best prices. You can also go to an office supply store for a wider selection.
This is also a great way to use up some of those scraps!
Have fun and enjoy!