Over at the microintegrate website is a very simple yet useful tool that will help create font files for use with the Arduino graphical LCD library. You can upload a .gif file containing the character set you'd like converted to a font file, and the tool will output the header file that you include with the GLCD library. What a great time-saver!
So to get started with your own fonts, head over to the font generator page here. And we're on twitter and Google+, so follow us for news and product updates as well.
If you don't need something as complex to display text for your own projects - save time and move forward with the Freetronics LCD & Keypad shield which contains a bright 16x2 character LCD and five buttons that can be read from only one analog input pin: