i bought these little leather coin pouches at work, and stenciled on them. they were a lot of fun, and turned out great!
i tried out a new method that i thought worked great: for small stencils, draw your design out on a piece of masking tape, use an xacto and cutting board to cut it out, and then apply it to your surface. it'll stick but not too much or too little. =]
p.s. it seems the old lady in me is slipping out, i'm making horribly lame jokes lately, guess it's time to break out the cardigans..