This is what you will need:
Martha Stewart Crafts Multi-Surface Metallic Acrylic Paint (coverage is amazing and it dries in seconds with no noticeable odor), brushes, wood letters for your initials, and ribbons to hang them later on. All available at Michaels. You can choose any colors that work with your overall holiday decor or even go for multiple colors. I stick to the silver because I am going for a silver-gold Christmas color theme this year.
I brushed on the silver-leaf paint and let them dry and cure for a few hours. I reused the staplers at the back of the letters that used to secure the price tags, removed the price tags, and loop the ribbon through the staplers to hang them up.
And ta-da! In a snap these store-bought Christmas stockings have their own identities. I will eventually paint the middle "A" in a different color, but for now it's served as a "filler".
And this is a close-up picture of the initial of my first name Michelle.