what methods do you guys use for repairing screw holes?

what methods do you guys use for repairing screw holes?
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Donny, can you spade drill those two slots, then epoxy up with some screw to back them 1 3/8 rosewood discs ?
Then you just sand level the two 1 3/8 discs .
I can make the discs to the thickness you want too.
Joey, the turned wood I want is for this repair.
http://i336.photobucket.com/albums/n336/sdbilliards_photo/IMG_20111006_094311.jpg
If your not busy on Thursday night, maybe I can come by before league, I need some cue repair also?