Get a clean bottle, cut the beans in half lengthwise and toss them into the bottle, and then fill up the bottle with vodka. Store the bottle in a dark place and shake every now and then. VoilĂ ! A month or so later, the vanilla extract is ready to use or give away to your BBBF's!
My artistic big friend made me some awesome blue and white striped labels: Little Mans' Old Tyme Vanilla Extract! Doesn't get much more classy than that. Oh, and if you have leftover vodka, my other big friend suggests you make a screwdriver -- a tasty orange juice and vodka drink. Awesome!