Designs by Sarah has a fabulous kit at Pimp My Tags with Scraps called "Like a Virgin."  I had the pleasure of working with it and it's one of my favorites!  Without further ado, here's the tutorial (click the image to see it full-size):

Open up the template - CTRL+D to duplicate and close the original.  Open sb_pmt_like-a-virgin_pp3, copy/paste and resize/sharpen as preferred.  Paste above the large rectangle layer.  Selection -> Select All  -> Float -> Defloat -> Invert and delete excess paper. Apply gradient glow to the paper layer and dropshadow.

Next up is the circle layer.  Open sb_pmt_like-a-virgin_pp11, copy/paste and resize/sharpen as preferred.  Paste above the circle layer Selection -> Select All  -> Float -> Defloat -> Invert and delete excess paper. Make a border around the circle background and flood fill black; add dropshadow.

Now for the wordart.  Activate the wordart layer.  Open sb_pmt_like-a-virgin_pp8, copy/paste and resize/sharpen as preferred. Use your magic wand, click inside the "L" & "V" letters, add new raster layer and flood fill black.  Deselect.  Now use your magic wand to select the "O" & "E" letters.  Selections -> Invert and delete excess paper.  Add gradient glow and dropshadow.

Activate the thin rectangle layer & Selections -> Select All  -> Float -> Defloat; add a new raster layer and flood fill black.  Add gradient glow & dropshadow then open element sb_pmt_like-a-virgin_ribbon 2, resize/sharpen and place over the black rectangle.  Activate the heart layer & Selections -> Select All  -> Float -> Defloat; add a new raster layer and flood fill with #b88d8a.  Effects -> Plugins -> Xero -> Fritillary and use these settings: