Word Tags or Ribbon

Simple, simple, simple

Start with background paper that has edging or an interesting pattern
The ones with edging work the best for tags



Change the background layer into a regular layer - 
It's probably not imperative that you change to a regular layer, but that's the way I start all my projects.  

To change to a regular layer, either
--Drag the lock next to the words "background layer" to the trash can in the layers panel
--Double click on the background layer in the layers panel and the "new layer" screen will come up
--Layer> new> layer from background  and that same "new layer" screen will come up

 After changing your background paper to a regular layer
Control/Command T to bring up the Transform tool.  Squeeze in either the side or the bottom until you get a strip.
Again, it's probably not imperative that you use the Transform tool, but more options will be available if you choose Transform rather than Move

If there is not enough definition on the edges of your strip, 
Layer> Layer Style> Style Settings> Glow> Inner to outline the strip

Add text 


Want a ribbon? Curve your strip

If your strip is horizontal, rotate your strip 90 degrees left
Image> Rotate> Left 90> 
then
Filter> Distort> Shear

(The reason you rotate is because you cannot use Shear on a horizontal strip



Try this with striped or patterned paper to get a really unique look.





I could do this all day, but I do believe you catch my drift.