Quick Tip Filling Holes

Do you have a stripped screw hole? Do you want to change cabinet hardware but don't know what to do about the old holes? Or maybe, as in my case, you have a space where a final has been but don't know how to deal with the large hole left behind.
There's no need to call the handy man because this is a definite DIY project. You need five minutes, some glue, and wooden toothpicks.