This makes a nice satin look ribbon from your choice of colour, gradient or pattern. Greg's Pool Shadow filter (free filter) is required.
PLEASE NOTE: This is only a small ribbon ie under 600 pixels long. Everything I make is aimed at taggers and is not necessarily suitable for digital scrapbooking size wise. I have a tutorial here on the blog on how to make this ribbon yourself if you would like to make it in a larger size.