For all you photoshop users out there if you don't know about the puppet warp tool yet you HAVE to check it out. I think it was implemented in PCS5. I have used it to manipulate ribbons, string, swags...you name it. If that ribbon just needs to be bent or straightened out a little more to look right in your layout this is the tool you can use to "bend" it. I love it so I thought I would share.
Here is a tutorial on Puppet Warp.
(The Puppet Warp tool is located under the Edit menu)