Here is the CU freebie I made for you from the Ribbon Eyelets 3 action.
A Marbled Circle CU Photoshop Action Ribbon Eyelets 4
Save: 75% off
Make these ribbons laced through eyelets from your background paper. This action makes larger segments of ribbon and eyelets. 12 inches wide. 300 dpi CU OK Photoshop 7 & up