Is it possible to have fancier effects for text? I'd like to have my text outlined

For example, like the Impact font in the attached image you’d usually see in memes. The most customization I could find was simply choosing the text color and font.

Use bitmaps fonts instead of .ttf fonts.

Hi, I do not know, WFS seems not to provide such feature. Bitmap font is sure solution, but if you are lucky maybe you can find a font familiy, that is stackable/layerable and suits your needs. Example: Bungee Font Family · 1001 Fonts
Then you would only make duplicate of your text and choose the fonts in right order.