Hello,
This was just a topic on the Corel/Jasc PSP scrapbooking forum. (Click on this link for a thread to how to access that forum)
Important for PSP users...
Dizzy posted an image from a site (she didn't give the sites URL

) but it had some very nice, real looking ribbons that had been made in PSP. The poster of the message was asking how it was done in PSP9 to get that realistic look. The post was written on 7-19-05 if you get into the forums.
The majority of responses were, it is done with many layer, each part of the ribbon on a layer of it's own and then either deformed, turned and modified with the warp tool. After you have all the parts of the ribbon and center knot in position the effects for burn, dodge, lighten, shadows were added in the right spots for depth and such!! I have to say it was one terrific ribbon!!
I wish I could be more helpful, but as of right now I can not upload the photo to either My Gallery here or to my web site!!

So you can get the idea of what I am talking about!!