Photo of the Day: We Know What it Is...

It's the past tense of a useful verb and a must-have craft supply. That much we know. However, a reader sent in a photo of the word "FELT" taken on his phone a couple weeks ago.

He writes: "I was out with the dogs and saw this. Thought it was initials, think it references road bikes. But is it politics? That's what my neighbor says."

The reader continues, "Forgot to send this photo over to you until today. Neighbor says it's a political party. I still say bikes. We have a favorite beverage riding on the answer. We split the difference if it's a school project."

So, readers, can you help explain?  To make this challenging, note that our reader took this photo a couple weeks back on a weekend.