This tutorial was written by me on February 16, 2012. Using PSP X2 but any version will work and for those with working knowledge of  PSP.
 Any similarity to any other tutorial is purely coincidental.

Tube of your choice.
I am using the artwork of Verymany.
You must purchase a license to use this art. You may do so HERE.
The kit is a PTU by Bibi's Collections "Citylicious".
Template by Dees'Sign Depot download HERE.

Ooº°'`¨´···♥ ♥·.·´¨`'°ºoO

Open template. Duplicate (Shift + D)
Close original. Image ~ Canvas size W=700 H=630
Delete "info" layer.
From the kit open two papers that you want to use to flood fill template.
Select the shapes and paste papers of your choice. Invert and delete.
 Delete original layer of template.

Colorize the word art to match your tube.
Apply a drop shadow to all shapes.

Let's now add embellishments:
Open Element 68 copy and paste behind the large circle below the "white ring" Re size to match circle.
Apply drop shadow.

Open Element 91 copy and paste above background layer.
Re size if needed. Add a drop shadow.

Add Element 14 copy and paste as a new layer above black circle.

Open your main tube and select a closed up copy and paste as a new layer above the two "white circles"
Delete any bit needed.

Open Element 22, re size and paste as a new layer. Move to the right of template.
Apply a drop shadow. Duplicate layer and slightly move to the right.
Add Element 25, re size and rotate 90 degrees right. Move to the right. Apply a drop shadow.

Open Element 84 copy and paste as a new layer, re size and move to the low/center of your tag.
Add drop shadow.

Add your main tube and re size. Apply a drop shadow.
Decorate your tag with elements of your choice.

I used for mine the following:

Element 2, 23, 32, 41, 65, 79, 80, 81.

Add copyright and your name.

Save your tag as PNG if you prefer better quality and transparent background or
JPEG if you prefer lower quality, lower file size and white background.