You can only change ONE letter, AND/OR rearrange the letters currently available. The first word is: WINS
rage
aver
real
feel
tsk tsk, changed two letters, but who cares :) That's... life
foil
loft
dolt
load
doll
lode
dove
over
rave
larv
veal
teal
leat
lame
tame
beat
abut
tabs
stub