
Thanks to Best Font Forward for this tutorial:
Outlining Text in Adobe Acrobat X (or Higher)
This article describes how to outline text in Adobe Acrobat X. An older article has information about outlining text in Acrobat versions 7, 8, and 9.
16 April 2013: It looks like Adobe broke this feature with an update to Acrobat. Fortunately, a trick that worked in prior versions still works, but it adds a couple of small steps to the procedure....