A few years ago I spied Tim Holtz using a Ranger Heat It craft tool - and let's just say, you could immediately identify it was Tim's! Ellen Hutson did a write up on this tool in this post a few weeks ago - excellent product. You can email Ellen to find out when this will be back in stock - I didn't see it in the store today but did yesterday.
The tool arrived, and I took a sanding block to the Ranger logo. It takes just a light touch and maybe two or three minutes of very light, but concentrated sanding strokes.
Gather your favorite Ranger Alcohol Ink colors and have a party! Tim has an alcohol ink video tutorial here for those that have never played with these. The dots of color on the caps are glossy paper and a 1/4" circle punch (again, I saw some of Tim's bottles identified this way). By marking your alcohol ink caps it prevents messing up the nozzle with another color.
I sealed the heat tool by painting it with a water-based sealant - DecoArt DuraClear Varnish in Gloss, available at Michaels craft stores, and a wide, soft brush.
I like that this heat tool from Ranger has a loop in the cord, near the handle, so I can hang it - takes up zero workspace.
(Alcohol ink colors used: cranberry, red pepper, butterscotch, citrus, stonewashed, stream, purple twilight - the silver metallic was omitted from the project - the colors were enough without it.)