I bought a 3" x 9" white pillar candle at AC Moore on Friday. It was $5.99, but I had a coupon, so it was only $3.20, I believe. Today, I printed our monogram on vellum paper, cut the paper down to size, then wrapped it around the candle. I secured one end of the vellum to the candle with rubber cement, wrapped the paper around, then stuck the end on top of the other end with small glue dots. I then secured 5/8" aqua ribbon to the edges of the vellum (also using glue dots).
And tada.... done.
That was way too easy.