Aw, c'mon Dave! Maybe the film title is O O. That would only be two bullets.
I agree with Dave. However, if you really want to the title to be made out of bullet holes, my suggestion would be to create your bullet hole image and use it as a particle. Set CC Particle World, Trapcode's Particular, or whatever your favorite particle effect is, to have 0 velocity and then animate your producer/emitter in the shape of your letter. You'll need to keyframe the particles per second to turn them off between strokes.
If you have the chance, you should make multiple bullet hole images and put them in sequence in a precomposition and tell your particle system to use a random still frame from the precomp as the particle. That way the bullet holes aren't all obviously the same.
- The Great Szalam
(The 'Great' stands for 'Not So Great, in fact, Extremely Humble')
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