Die:  Two Tags Big Shot Die                                            #115954 (p. 206)
Stamp Set:  Wicked Cool
Punches:  Scallop Circle, 1-3/8″ Circle, 1-1/4″ circle

Tip: When cutting out the tag, you want to fold the CS in half and place the fold on the die so that it is just under the actual cutting line on the die.