the first handmade gift i made (which was awesome at the time but looking back...

)
good ol' paint pens (in org colors of course!)
tea light candle holders (i guess they could be anyshape, but visualize little sake cups - that's the size i used)
marbles (sized proportional to the candle holders)
candles (the short stubby ones that will fit inside the candle holders)
this is becoming harder to explain...
ok, so i sat the candle inside the candle holder (theyre glass, btw)
then surrounded the space between the glass and the candle with marbles
decorated one side of each candle holder with each letter (in my case, 3). feel free to decorate as such - polka dots, stripes, outlining, etc...
then turn them suckas around 180 degrees, and write the corresponding greek letter out (ie. "sigma" on the opposite side of
S)
this way, when you put them on display, you have a choice which side you want to show off. i guess you'd have to do some reshuffling (ie. when it says SGR on one side, the other side says "rho gamma sigma") but it works out great if your org is palindromic (ie AKA, SSS, DTD).
AND, this cost me less than $10! (if you already have the paint pens, under $5)