Jonathan Feinberg has created Wordle a delightful tool for making and sharing beautiful word clouds (see the Debategraph illustration below).
Click here for the full size version.
As with other word and tag clouds, the frequency with which words appear in a submited text determines their scale in the cloud; however, Wordle builds on this by offering a range of formatting options and exploiting the space within words and letters to give a more organic feel to the resulting clouds.
Hat Tip: the ever inspiring Lloyd Shepherd.