This worked surprisingly well to lay out black foam gaskets for new fairing mounting plates:
Mary uses the Fons & Porter Mechanical Pencil to mark quilting patterns on fabric. It has, they say, a “strong ceramic 0.9MM white lead” with “water-soluble dyes” capable of both laying down a durable mark and washing out without leaving a trace. I don’t care about the latter, of course, but it did brush off reasonably well.
The next step involved running an X-Acto knife around the perimeter of the plate and punching the holes.
You can get colored ceramic leads (for small values of color) for use on other backgrounds.
The Smell of Molten Projects in the Morning 