Splotch Editor

LESS THAN 2 DOLLARS! IN FACT, LESS THAN ONE!!
Lets you start typing text ANYWHERE you can double click.

AND it allows you to move around the text "splotches." Save your creation as a web page.
ALSO, there is a nice undo/redo feature and an "Attributes" menu to format the font correctly.
Furthermore, if you are a Javascript/HTML guru, you'll love that you can just make things (movies, disappearing text) appear anywhere!
Happy Splotching.
Brian