1.  What is FIGlet? 
   FIGlet is a program for making large letters out of ordinary text
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 _____ _____ _____ __      __       _____ _____ _____  
|   __|     |   __|  |____|  |_    |   __|  _  |     | This FIGlet FAQ is 
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|__|  |_____|_____|__|____|__|     |__|  |__|__|__  _| on figlet@figlet.org
  info@figlet.org        http://www.figlet.org/   |__|   [FIGlet FAQ v0.92]
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You can find out more on the official Figlet.org website
You will also read the history of the fonts available.
What does "FIGlet mean ? "Frank, Ian and Glen's letters"

The best way to create a figlet would be to use the tool "Jave"

Here is a few site to create a figlet online:
http://www.kammerl.de/ascii/AsciiSignature.php
http://www.rigaut.com/benoit/CERN/FigletJava/