While that was drying I set to work making the list of words I wanted to use. I thought I had a really good, long list until I ran out of words and still had about 1/3 of the canvas still to cover. So my advice is list way more words than you think you will ever use!
I cut the words from vinyl on my Cricut. I just played with the sizing, fonts and placement. The words I wanted to really stand out are bigger, longer phrases are smaller, our names are the only words in blue, etc.
In the end I am really happy with how it turned out. My girls think it is "super cool" too. The only down fall was it took a really, really long time. So if you are looking to make one yourself, let me help you out. Here is the list of words/phrases that I used on my project:
Our Last Name
est. 1996 (year we were married)
mine and my hubby's name
each of my daughter's names
one of a kind