This is where I first saw this banner - it was made by Celestial's Creations for her week of So You Think You Are Crafty. It didn't win (I think it should have and I waited a little while for her to post the tutorial anyway, but in the end, I just tried to emulate her genius. So this is what I came up with.
In my town there is NO GOOD FELT. It's rather frustrating. But I did the best I could with the stuff I could find. I used two of my Fiestaware plates to make the circles and a spool of thread as a pattern for the scallops. Then I just freehand embroider some stitch whose name I can't remember - is it daisy chain maybe? - the letters on with that crochet thread stuff. My turkey has special needs, but not to worry, he'll be dead in a few weeks.
So, this was fun and sort of fast - a few hours - and it's one of the few things I've made that I actually liked when I made it. Crazy. Right?