I just found an oldish (31 Jan 07) post on homophones at Brooklyn Arden. She covers nine sets of homophones, including the pair that annoy me most when I find an example of their misuse:
faze: (v) to cause to be disturbed or disconcerted; daunt.
The squid was unfazed by my display of underwater kung fu.
phase: (n) a stage in a process of change or development; (v) to plan or carry out systematically by phases.
Common Phrases: phase in; phase out
Many young squids go through a Goth phase; only rarely is it cause for concern.
In a later, largely unrelated, post she has included one other pair of homonyms:
discreet: (adj) judicious in one's conduct or speech, esp. with regard to respecting privacy or maintaining silence about something of a delicate nature; prudent; circumspect; showing prudence and circumspection; decorous; modestly unobtrusive; unostentatious
If you'd like to tell a secret / I would recommend a squid; / They will listen to your story / And close tighter than a lid. / They're discreet, restrained, remarkable, / All ego and no id; / For confidence in confidantes, / Always trust the squid.
discrete: (adj) apart or detached from others; separate, distinct
Then I spied five discrete sucker marks on the knife, and I knew: Jack the Squidder had struck again.
I love the sentences she has included to illustrate the correct use of the various words. They remind me of two truly outstanding books on grammar and punctuation (which I just discovered have been released in new editions, which I simply must have), The Deluxe Transitive Vampire: A Handbook of Grammar for the Innocent, the Eager and the Doomed (here) and The New Well-Tempered Sentence: A Punctuation Handbook for the Innocent, the Eager, and the Doomed (here). Both books were written by Karen Elizabeth Gordon, who has also written a dictionary I need to buy.
And I'd thank whoever it was that sent me to Brooklyn Arden in the first place, but I've forgotten who it was....