I have used the retired Tag Topper punch for these tags, but you could also use the Scalloped Tag Topper punch in the current annual catalogue if you don't have this one.
Each tag was cut to 4.9cm x 8.3cm, and I added the white strips before using the tag punch - that way you get the hole in both layers. I cut out the buckle from silver foil card using by Brother Scan n Cut - I created the shape in Canvas using a square and two rectangles - then threaded a strip of black card through each buckle before adding to the tag. The buttons were stamped using an image from the Sweet Home stamp set.
Stampin' Up! materials used:
Stamp sets - Sweet Home, Forever Evergreen (for the packaging)
Card - Real Red, Whisper White, Basic Black, Silver foil
Ink - Basic Black, Real Red
Punch - Angled Tag Topper
Other - Stampin' Trimmer, liquid multipurpose glue