joannes carries a couple books of quilt labels- you iron them onto what ever (pre-washed) fabric you want- then fill in the blanks with a permenent pen- there are many different designs, sizes and styles- the book i bought came with 50 different labels, i think it was about $10...and you can use them a few times before the fade too much.
i've also designed labels on the computer & then printed them on my own muslin-pressed to freezerpaper to go through the printer- much less expensive than the pre-packaged printer fabrics.