Here’s a nice infographic from the Kaplan blog about words with multiple meanings. I can think of three immediate ways to exploit this with a class:
(1) Prediction – give students the keywords. Students then think of as many phrases or uses of the keywords as possible and then compare their ideas to the infographic.
(2) Identifying parts of speech – black over the labels on the colour coding key, and ask students to look at the phrases in provided and get them to come up with the categories.
(3) Make your own posters – either you or the students choose your own set of keywords and they then create their own phrase based multiple meaning poster / infographic. This would be a perfect opportunity to introduce learners to working with corpuses – like corpus.byu.edu.
I can see this working particularly well with exam classes – and in fact if you combined all three activities, you would probably have the basis for quite a nice lesson!