ALE - An intoxicating liquor made from an infusion of malt by fermentation and the addition of a bitter, usually hops.
ALL - Intensifier.
ILL - Extremely bad (bad enough to make one ill). Generally used indirectly with to be.
LAB - A laboratory.
AIL - Painful; troublesome.
ABLE - A word that is used in place of the letter "A" during communication.
BAIL - Security, usually a sum of money, exchanged for the release of an arrested person as a guarantee of that person's appearance for trial.
BALL - A solid or hollow sphere.
BELL - A percussive instrument made of metal or other hard material, typically but not always in the shape of an inverted cup with a flared rim, which resonates when struck.
BILL - Any of various bladed or pointed hand weapons, originally designating an Anglo-Saxon sword, and later a weapon of infantry, especially in the 14th and 15th centuries, commonly consisting of a broad, heavy, double-edged, hook-shaped blade, with a short pike at the back and another at the top, attached to the end of a long staff.
BALE - Evil, especially considered as an active force for destruction or death.
BILE - A bitter brownish-yellow or greenish-yellow secretion produced by the liver, stored in the gall bladder, and discharged into the duodenum where it aids the process of digestion.
LABEL - A small ticket or sign giving information about something to which it is attached or intended to be attached.
LIBEL - A written (notably as handbill) or pictorial statement which unjustly seeks to damage someone's reputation.
LIABLE - Bound or obliged in law or equity; responsible; answerable.