Font is Calligra Phillip here.
~This tutorial was written assuming you have working knowledge of PSP~
Dropshadow of choice.
Paste frame as a new layer/resize 25%/click inside frame with your magicwand/selections/modify/expand by 6.
Paste paper 4 below layer/selections/invert/delete/do not deselect.
Paste bottle 2/resize 63%/position/delete/do not deselect.
Paste algae 2/resize 30%/position/delete/deselect.
Apply dropshadow to last 2 layers.
Right click on frame layer/merge/merge down to paper layer/dropshadow.
Rainbow/resize 50%/layers/duplicate 3 times
Little stars/layers/duplicate 1 time
Sand 2/resize 60%/layers/duplicate 1 time
Starfish/resize 65%/repeat resize/layers/duplicate 1 time
Mermaid 1/resize 25%
Image/resize all layers 35%.
Hope you enjoyed my tut :)