You could use this for a number of things, I like the candle idea but I also thought about making one as a plant stand. You can get very very creative with these. And they are not very difficult to make.
Step 1: Grab Some Scraps
Grab a pencil spring punch or scratch awl and mallet and your angle square for the next step.
Step 2: Layout for the Holes
Then using a spring punch make a divot. Then I used a compass and made a circle as large as the block would allow, then made another circle about 1/2"-3/4" less in radius.
Then, I used the center punch and made the first divot for the legs. The location of the first divot doesn't really matter.
Now, without adjusting the compass from the inner circle size, start at the first divot you made and make 6 perpendicular marks moving from one cross-mark to the next as pictured.
Finally, using the spring punch, divot every other mark leaving 3 divots in total plus the one in the center.
I then drilled the center hole to allow my worm drive for the chuck.
Step 3: Mount It on the Lathe
Make it round on the edge, and flat on the face.
I then loosened the chuck jaws and removed the disk. I will leave the worm drive in, as this will not be in my way in the next step.
Step 4: Drill the Hole for the Legs
Step 5: Re-mount the Maple Disk
Remove the disk from the worm drive and the chuck.
Step 6: Turn the Legs
I then turned them rough round all the way down the length of the leg and formed a tenon at the tail end slightly larger than 3/8"
A tip for this is to use a small file if you have one. Another idea is to use a scrap piece of wood with sandpaper to form a nice flat tenon.
I needed to stop to test the fit every now and again until I got a nice snug fit. I then sanded from 80 thru 800 grit and then friction polished the legs before cutting off the excess on the head-stock end of the spindle.