Since I have started using this guess the word strategy to introduce a story's vocabulary, my students' grades have increased! By allowing the class to say their guesses aloud, they are helping build links to other words they do know. My English Language Learners really learn well this way.
I could embed the slideshow here, but it doesn't play in incremental mode that way. So I have to link to the online version. If you click on top of each slide it will reveal parts of the slide one at a time.
Here are some example slides from this presentation.