In this tutorial I used the tube "Witch 14" from

Font of choice.

Unless noted, I used a drop shadow of vertical 0, horizontal 5, opacity
85, blur 10.

Open a new transparent canvas 750 by 750 pixels and fill with white.

Paste the mask, resize 22%, select all, float and defloat, make a new layer,
paste paper 10 into the selection, deselect and delete the original black mask
layer.

Paste element 43, resize 35%, open your Pick tool, set the mode to Scale, 
hold down the Shift key and pull one of the bottom side nodes out a little, 
take the hold off the Shift key and push the centre back node down a little,
sharpen.  Your element should now look something like my screenshot below. 
Position the element and apply a shadow of vertical and horizontal 0, opacity
100, blur 15.

Paste element 158, resize 40%, mirror and position below element 43.

Paste element 157 on the top, resize 50% and move into place.

Paste element 130, resize 40%, position and apply the shadow (remember to
change the shadow settings).

Paste element 64, resize 40%, position and apply the shadow.

Paste element 50, resize 30%, position and apply the shadow.

Paste element 52, resize 25%, position and apply the shadow.

Paste element 89, resize 30%, position and apply the shadow.

Paste element 62, resize 40%, position and apply the shadow.

Paste element 63, resize 60%, position and apply the shadow.

Paste element 73, resize 60%, position and apply the shadow.

Paste element 3, resize 40%, position and apply the shadow.

Paste element 117, resize 13%, position and apply the shadow.

Paste element 37, resize 20%, position and apply the shadow.

Paste element 109, resize 55% and mirror, position and apply the shadow.

Paste element 38, resize 20%, position and apply the shadow.

Paste word art 2, resize 20%, position and apply the shadow.

Paste element 44, resize 10%, position and apply the shadow.

Paste element 12, resize 60%, position and apply the shadow.

Paste element 40, resize 35%, position and apply the shadow.

Paste element 71, resize  40%, position and apply the shadow.

Paste element 155, resize 40% and mirror, position and apply the shadow.

Paste element 154 resize 40% and move into place.

Paste the tube, resize 22%, position and apply the shadow.

Paste element 83, resize 12%, position behind the tube and apply the
shadow.

Paste element 85, resize 8%, position and apply the shadow.

Paste element 57, resize 20%, position and apply the shadow.

Paste element 34, resize 20%, position and apply the shadow.

Paste element 35, resize 12%, position and apply the shadow.

Paste element 65 on the top, resize 20%, position and apply the shadow.

Paste element 66 resize 20%, position and apply the shadow.

Paste element 80, resize 12%, position and apply the shadow.

Paste element 102, resize 17%, position and apply the shadow.

Paste element 23, resize 10%, position and apply the shadow.

Paste element 5, resize 15%, position and apply the shadow.

Paste element 60, resize 10%, position and apply the shadow.

Paste element 30, resize 10%, position and apply the shadow.

Paste element 32, resize 11% and mirror, position and apply the shadow.

Paste element 21, resize 12%, position and apply the shadow.

Paste element 68, resize 20%, position and apply the shadow.

Check your layers and make any adjustments, then crop your tag, add your
copyright information and text and export on a transparent background as a
png.