To begin, we will create a rectangular marquee selection, and fill with a gray color, like so:
Next, goto Filter > Noise > Add Noise. Choose a relatively small amount (around 5%, but depends on your image size) and Uniform and Monochromatic.
Then goto Filter > Texture > Texturizer. Choose the Canvas texture and reduce the scaling to around 75%, and Relief to around 3. Choose Light coming from Top Left.
Next, goto edit > Fade Texturizer, and choose 50%.
Now we want to apply Layer Styles to our tape. Open up the Layer Styles window by either double-clicking the layer or right-clicking and choosing Blending Options. Select Bevel and Emboss, and choose a Depth of 1, Size of 1 and Soften of 0. Also reduce the Opacity of the Highlight and Shadow to around 60% and 40%, respectively.
Then choose the Texture option of the Bevel and Emboss, select the Tiles-Smooth texture from the default Patterns:
Choose a Scale of around 10-20%, and a Depth of 200%+. You should get something like this:
The next thing to do is make the edges untidy, like the piece of tape has been ripped off the roll. Use the lasso tool to make a selection and then hit delete:
Now we will create wrinkles in the tape. Create a new layer and set it's Opacity to around 45-55%, and the Fill to 0. Then add a Bevel and Emboss Layer Style like we did to the tape layer, and set the depth to 120-140%, and size to around 3-7%. Now using the Lasso or Polygonal Lasso tool, make selections like wrinkles in the new layer, then fill them by going to Edit > Fill, or hitting Ctrl+Backspace. Your selections should be something like this:
When you're done, you should have something like this:
Now let's add a finishing touch by adding some text. Create a text layer and change the Blending Mode to Overlay. Then select all three layers in the Layers panel by Shift-clicking, then goto Edit > Transform > Rotate. You can also add a background of your choice, and add a Drop Shadow to the tape layer with an Opacity of around 35%, and Distance and Size of 1:
Enjoy PhotoShop and experiment to get the results you want.
