First, I spraypainted the wood heirloom white. Don't worry about the middle, it will be covered up. I needed 2 coats.
Cut your pretty paper to size, and after the paint is totally dry use mod podge to adhere the paper. Apply a thin layer of mod podge on top of the paper as well.
While that was drying, I cut out "LOST SOCKS" using some vinyl scraps and my cricut.
I knotted up 3 pieces of twine at both ends, to attach to the back for hanging.
Make a gob of hot glue on the back and push the knot firmly in.