My felt pizza story involves some of the base ingredients of pizza--flour for dough, tomato for sauce, and cheese for topping. I also made some slices of onion, green pepper, and pepperoni (all some of my favorite pizza toppings, not coincidentally).
I've found that this simple felt activity can be used in so many different ways. It can be a story, narrating the process of building a pizza from start to finish, with all the great cooking vocabulary. It can be a counting activity, doling out the toppings. It can be used as a cumulative tale, too. Not bad for a pretty quick flannel project.