Step 1:
Start with a photo file you want to wrap in plastic, download the image below and open it in photoshop to follow through the tutorial.
Step 2:
Now duplicate the photo layer then go to Filter > Blur, apply Gaussian Blur using the settings below.
Step 3:
Duplicate the original photo layer then go to Filter > Artistic, apply Plastic Wrap using the settings below.
Now go back to Filter > Sharpen and apply Sharpen Edge. Do this three times so the image is very sharp.
Step 4:
Set the layer's blending mode of the Sharpened copy to Soft Light.
Step 5:
Using your Erase Tool with a large soft brush, erase the plastic wrap design around the body of your photo as shown below.
Result:
