playing with globals() makes it possible:
import random
alphabet = tuple('abcdefghijklmnopqrstuvwxyz')
print '\n'.join(repr(u) for u in globals() if not u.startswith('__'))
for i in xrange(8):
globals()[''.join(random.sample(alphabet,random.randint(3,26)))] = random.choice(alphabet)
print
print '\n'.join(repr((u,globals()[u])) for u in globals() if not u.startswith('__'))
one result:
'alphabet'
'random'
('hadmgoixzkcptsbwjfyrelvnqu', 'h')
('nzklv', 'o')
('alphabet', ('a', 'b', 'c', 'd', 'e', 'f', 'g', 'h', 'i', 'j', 'k', 'l', 'm', 'n', 'o', 'p', 'q', 'r', 's', 't', 'u', 'v', 'w', 'x', 'y', 'z'))
('random', <module 'random' from 'G:\Python27\lib\random.pyc'>)
('ckpnwqguzyslmjveotxfbadh', 'f')
('i', 7)
('xwbujzkicyd', 'j')
('isjckyngxvaofdbeqwutl', 'n')
('wmt', 'g')
('aesyhvmw', 'q')
('azfjndwhkqgmtyeb', 'o')
I used random because you don't explain which names of "variables" to give, and which values to create. Because i don't think it's possible to create a name without making it binded to an object.