This tutorial was written by me on Dec 19th 2009.
I'm using PSP X2 but any version will work and for those who have working knowledge of psp. Any similarity to any other tutorial is purely coincidental.
Supplies needed:
Tube of your choice. I'm using a Gorjuss Art from Suzanne Woolcott.
The scrap kit is a PTU from Natasha at Sticky Kisses Designs 
called Christmas Yummies. Thank you!
Christmas mask # 15 By Vaybs
Font: AmoreATT
Pluggins: MuRa's Meister ~ Copies
(Optional): Eye Candy 400 Glass - Gradient Glow

Open a new canvas 600 x 600 flood fill with white. Selections~select all.
From the kit open paper SKD_paper7 copy & paste into selection to your canvas.
Apply Christmas mask # 15. Merge group.
Open SKD_Flower2 resize by 17% apply pluggin Copies to make a frame use the following settins,
 With Magic Wand Tool select inside the frame we just made. Flood Fill with paper of your choice. I used paper 3.
Decorate your tag with elements, see my sample to make yours. I resize elements as follow:
Resize SKD_Pine by 50% Mirror ~ Rotate 55 right. Paste above the frame to the right side.
Resize SKD_Sucker 2, by 45% rotate by 12 right. Place it above the Pine.
Resize SKD_House by 40% Move it to the right side.
Open SKD_CookieTree and paste to the left side of the frame.
With Brush Tool color the dots on the tree.
Decorate the Cookie Tree with Bow2 resize by 18.
Resize SKD_Ribbon2 by 80% Rotate by 12 right. Move it to the top of the frame.
Resize SKD_FeltCupcake 1 and Cupcake2 by 20%
Resize SKD_Girl and Girl 2 by 50%
Place SKD_CookiesWords "Christmas Yummies" resized by 20%
Add more elements of your choice, Place tube in the middle of your tag.

With Text Tool add text or name. Layer ~ Convert to rater layer. 
Selections ~ Select all. Selections ~ Float. Selections ~ Defloat.
Effects ~ Pluggins ~ Eye Candy 400 ~ Glass.
Basic: Click Image to enlarge
In the same window click the Lighting tag and change Direction 87 and Inclination 62.
Add Gradiente Glow and a drop shadow of your choice.
Add now copyright.
X out white backgroud layer and save as PNG.
You are done.

Thank you for trying my tut. Hope you enjoy. Please contact me if you have any question.
Comments are welcome.