[masraum]

Originally Posted by pwd72s

Keep a bag of wood golf tees in your shop. Stripped out wood screw? Cat tee with wood glue, tap in hole. Once dry, cut it off flush to have new wood to work with. Allows you to not have to use an oversized screw.

Among woodworkers, I hear about both golf tees and toothpicks (when using toothpicks, normally a few are required). I think it's also usually recommended to glue them in. The golf tee seems easier, but the toothpicks will work in different sized (depth or girth) holes more easily.