The letters "IC" pronounced properly can say "icy" meaning very cold.
You can spell candy with the letters C and Y. (CandY)
Blndpg
C and Y. (The word "candy" is spelled C AND Y.)
Those letters will spell fruit fest.
There is no anagram, The letters can spell phrases such as "weeds waging" or "swigged anew" but nothing more meaningful. Without the 2 Ws, the letters spell "disengage." Other shorter words: geegaws, endwise, and wedgies.
You would spell it IC (pronounced eye-see, or icy).
You can spell node and done with those letters.
c and y
How about VI = 6 in Roman numerals
The letters spell the 3 letter words ape, pay, pea and yea. They also spell the 2 letter word pa.
Those letters spell Valentine's Day.
Those letters spell: looking good!