this can probably be done in other versions but I made this in PSP 9

Open your PSP up

make a new file this size;

 

Width: 3400 pixels
Height: 200 pixels
Resolution 200 dpi
Raster background
16 million color depth
Transparent

 

now go over to your layer palette and choose a patternt that you like set is at size 150 angle 0

 

 

 

 

next step:

 

Choose the selection tool and then hit the custom selection. Settings:

Top 25
Bottom 175
Left 0
Right 3400

 

Now fill this selection:

 

 

 Selections > Modify > Contract Number of pixels: 15

Selections > Invert

 Effects > Texture effects > Blinds Settings:
Width 15
Opacity 25
Color black

 Chose the selection tool again and use these settings

Top 0
Bottom 200
Left 25
Right 3375

 

 

Go to image and crop to selection

 

Enjoy your ribbon, resize recolor or what ever you want

 you can even use Virzo's and make it look different like the one below: