Looking at this, I see 8 letters that aren't crossed out. These are I, Y, X, U, O, Q, T, and R. I decided to use an unscrambler on those letters and found "quixotry," which, according to Wiki, means "A wild, visionary idea, an eccentric notion or act; a quixotism." Also according to Wiki, the word is derived from the Don Quixote story. Don Quixote saw giants. Jack the Giant Slayer? Also, if "quixotry" is actually the word, the circled letters are O and T.