In this tutorial I used the gorgeous tube "Reflection" from

Barbara Jensen.

No outside animations used.

Font of choice.

Unless specified, I used a drop shadow of vertical 1, horizonal 5, opacity 65, blur 10.

Open a new transparent canvas 650 by 650 pixels and fill with white.

Paste the mask and resize it 80%, select all, float and defloat, make a new layer, paste paper 8 into the selection, deselect and delete the black mask layer.

Paste word art 2, resize 80%, duplicate and merge the copy down onto the original.

Paste element 6, resize 90%, position and apply the shadow.

Paste frame 1 and resize it 80%.  Select the interior with your magic wand, expand the selection by 10, paste paper 10 below the frame, invert the selection and hit delete, deselect and apply a shadow to the frame with both horizonal and vertical set to 0, opacity to 100 and blur to 15.

Paste element 25, duplicate position both copies below the frame and paper layers and apply the first shadow.

Paste element 22, resize 90%, rotate 40 degrees to the left and position.

Paste element 1, resize 55%, duplicate, move both copies into position and apply the shadow.

Paste element 9 on the top, resize 80%, position and apply the shadow.

Paste the tube, resize 50%, position and apply the shadow.

Paste element 18, position and apply the same shadow as the frame.

Paste element 14, resize 60%, position and apply the original shadow. 

Paste element 26, resize 40%, position and apply the shadow.

Paste element 17, resize 40%, position and apply the shadow.

Paste element 21, resize 80%, position and apply the shadow.

Paste element 16, resize 40% and mirror, position and apply the shadow.

Paste word art 1, position and apply the shadow.

Check your layers and make any amendments to position then add your copyright and text.

ANIMATION:

Duplicate the paper that is inside your frame twice so you have 3 copies, open your "Lighten/Darken" brush with settings shown below and dab it randomly a few times on the two duplicate copies then close those copies off.

No duplicate element 25 twice so you have again 3 copies.  On the original copy go to Adjust - Add Noise and apply with the settings in my screenshot below. Go to the next copy and apply the  noise again but changing the amount to 20, then repeat on the top copy with the amount at 30.

Now go to element 18, duplicate it so you have 3 copies and add the noise the same as you did for element 25.

Close off all your layers down to just below the fame layer and with just the first copy of element 25 open, right click, copy merged and paste in Animation Shop as a new animation.  Now close off the first copy of element 25, open the middle one, copy merged again and paste in AS "before current frame".  Repeat with the last copy of element 25.  Now repeat all this again so you have an animation of 6 frames.  Put this aside in AS.

Copy the first copy of the paper that is in the frame and paste it in AS then duplicate it, copy the second paper and paste it  "before current frame" then duplicate it,  repeat with the top copy. Select these 6 frames, copy them and paste on the first animation, you should be able to position perfectly as you have a copy of the paper on that one as a guide. 

Back in PSP, close off all these layers, open the first copy of element 25 and the rest of the layers you had closed and make a new animation in AS the same as you did with element 18 so again you have six frames. Copy all these 6 frames and paste them on top of your animation.

We have done the animation this way as the paper animation needs to run a slower speed than the noise ones.  Still though we want to slow it down more so select all the frame and go to Animation - Frame Properties and set the display time to 15. 

Now run your tag through the Optimization Wizard and save as a gif.