This tutorial was written by me on November 14th, 2012 and is my own creation. Any resemblance to any other tutorial is purely coincidental and unintentional.

PSP Version used: PSP9, but should work in other versions.

This tutorial assumes you have a good working knowledge of PSP.

Supplies:

Tube of choice. I am using the amazing work of Ismael Rac. You must purchase his work and acquire a license to use his art. You can find his work here. 

My supplies here. 

Template 117 by Amy & Leah's Gimptastic Tuts. You can find it here. 

Mask4Christmas2010 by Vix. You can download it here. 

Font of choice. I am using St. Nicholas.

Filters:

Penta.com Dot and cross

Filters Unlimited 2.0

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Open your template and mask. Minimize your mask for now.

On the template, set your canvas size to 650 x 650. Resize all layers by 92%. Delete the credits layer and the wordart layers.

Open the paper from the supplies. On the background layer, copy and paste as a new layer. Apply your mask, merge group. You can delete the background layer.

Merge together the square 1 and square 2 layer. Select all, float, defloat. Add a new raster layer. Create a gradient using #ffe8a0 and #e4ae48, angle 48, repeats 5. Floodfill your selection with the new gradient. Deselect and delete the original layer.

Open the DiscoBall. Resize by 35%. Copy and paste as a new layer above the circle 1 layer. Place over the circle on the right side. Duplicate and mirror. Place over the circle on the left side. Merge the two discoball layers together, mirror. Now you can delete the circle 1 and circle 2 layer.

On the rect layer, manual color correction. Set the source to #10350f and the target to #3556ae.

On the thin rect layer, select all, float, defloat. Add a new raster layer and floodfill with the gold gradient, but change the repeats to 3. Deselect and delete the original layer.

Filters Unlimited 2.0, Paper Textures, Canvas Fine using the default settings.

Create a new gradient. The colors should be entered in this order in the gradient editor from left to right: #ffe8a0, #e4ae48, #b32127, #b32127, #3556ae, #1c2f71

Your gradient editor should look like this:

Set the gradient to angle 0, repeats 1, invert checked, style linear.

On the diamond layer, select all, float, defloat. Add a new raster layer and floodfill with your gradient. Deselect and delete the original layer. 

Penta.com Dot and Cross using the default settings.

Open your tube or a closeup. Copy and paste as a new layer, mirror. Arrange over the diamond to your liking. On the diamond layer, select all, float, defloat. On the closeup layer, selections, invert and press delete. Deselect. Set the blend mode to overlay, opacity 56.

On the diamond layer again, select all, float, defloat. Selections, modify, set selection borders, both sides checked, width 3, anti-alias checked. Add a new raster layer and floodfill with the same gold gradient that we used previously. Add noise, gaussian, 100, monochrome checked. Deselect. Move this layer above your closeup layer.

Open the flower. Resize by 12%. Copy and paste as a new layer. Place to the upper right corner of the gold gradient rectangle layer. Duplicate and place to the lower left corner.

Merge the candy cane layers together. Use your magic wand and click on the red part of each candy cane. Manual color correction, source set to #d61e26 and your target set to #b32127.

Open the ribbon. Resize by 21%, mirror. Copy and paste as a new layer. Place to the bottom of your template.

Open the martini. Resize by 60%. Copy and paste as a new layer. Place to the lower right corner.

Open the sparkles. Resize by 93%. Copy and paste as a new layer.

Open your tube and resize as necessary. Copy and paste as a new layer and place to the bottom of your tag.

Add your name, copyright, and license info. Apply a drop shadow of choice and merge visible. Save as a PNG.

Thanks for checking out my tutorials.