I tend to pack rat jars and containers for various uses. One day a plastic jar lid caught my eye and I decided to make a spindle washer. After some experimentation I found that larger, thicker, lids like those from peanut butter, peanuts, mayonnaise, etc. made better washers. Pass on any lids with writing or other decoration. My method is simple, drill a 1" hole in the center of the lid (use whatever size matches your spindle), mount it on the lathe held in place with a faceplate or chuck and use a parting tool to remove the outside rim. It doesn't have to be perfect. You can make them any size you want. Most of the time I can remove a chuck using only my hand, occasionally after a long turning session I need a little leverage but the washer still prevents the chuck from seizing up tight.
A common concern is that plastic lids are not made with any precision and will cause excessive run-out which expresses itself as vibration. I decided to test a homemade spindle washer and find out how much runout it introduced.
First I measured a washer using an iGaging digital caliper accurate to 0.001" and with a resolution of 0.0005". Now I don't remember from what kind of lid this washer was made, I've had it for more than a year. But measuring various points around the washer, the deviation was never more than 0.0005" so the total variation is withing 0.001" which I found quite impressive.
Next I chucked the largest Forstner bit I own into my Nova G3 and tested runout using a dial indicator against the shank. The results were surprising. The very first test was after turning a handle for a beater chisel and I did not clean the threads beforehand, consequently it had the greatest runout of any test. Really, that test should be thrown out but I included it. The three remaining tests were done with clean threads.