I design this Christmas stocking to be printed without need of a multi filament system. The first file contains two parts of the stocking and the second all the letters and some emojis ( this file have a stop so you can change filaments, if you have multimaterial you can just remove the stop and paint the letters) 

You print the stocking and then choose the letters that you need , print them and glue them into the slots.

I print this in PLA and it works perfect, also is quite stable and stand by its own on the table ( I added a hook so you can hang it if prefered)