Here is an example. I got this sheet of Basic Grey punch out tags in a recent Craigslist haul. A good bit of the image remains once the tags are removed.
Then, I adhered the frames to some pretty card stock and cut around them leaving a border to make another set of tags.
I thought they came pretty cute. I haven't finished all of the different frames (thus the different photo examples of frames in various stages)
Here is a closer look at one of the tags (the one I like the best).
And, here is a quick birthday card I made with it.