This is somewhat of a tedious process as you have to be careful not to cut the fabric. I was able to get all three letters removed while watching two episodes of Cake Boss!
Once the thread was removed I ironed the area really well ,washed the outfit, and ironed it again. After it is washed and ironed the needle holes are almost all gone.
Once it was ironed I added a new monogram.
Not bad for a $9.00 investment. Next time you are at a consignment sale don't overlook the monogrammed items!