At first glance, AmazingText Free looks like a useless widget like Text Widget. AmazingText Free is a simple widget that places a static text string on your home screen. However, unlike Text Widget, AmazingText Free lets you select a custom tap action for each created widget. In other words, you can launch an app or a shortcut from your widget. AmazingText Free is one of the easiest ways to develop text-only app icons.
If you want more presets, fonts, and effects, you can fork over $1.50 for AmazingText Plus.
Simple Text-Text Icon Creator