Text Texture

Text Texture node.

You hook it up, type in whatever, choose the font and it shows up as a texture with a transparent background. Color etc would be an option. It would be simply based on the typical way of writing top left to bottom right as if it is a plane. Of course, the typical options would probably be nice. I am aware of adding text to the scene and saran wrapping it. This one would be different since it would be completely flat unless you use a bump for it but it still would have no real depth. Plus using this with fac would really add some neat effects.

(see the image as an example.)