Eyelets using Magnifying Lens

What we'll do: We'll make a simple silver-colored eyelet like the one below using the Magnifying Lens effect:

What you'll need: Paint Shop Pro 8's Magnifying Lens effect and Drop Shadow effect.

Steps:

Open a new image with a transparent raster background. The image should be square, and for the dimensions 0.25" x 0.25" is good, with the Resolution set to 200 Pixels/inch.
Choose Effects > Artistic Effects > Magnifying Lens. In the Presets drop-down list, select Default. (Or click the Reset button to the far right of the Presets drop-down list). Click the zoom button below the left preview window so you can see the results better. Don't be concerned about any pixelation that you see in the right preview window. Your actual image won't be pixelated.

In the left preview window, drag the handles of the bounding box almost to the corners of the image. This makes the lens nearly fill the image canvas:

You don't need to do anything to the settings on the Shape tab.
On the Properties tab, set Opacity, Shininess, and Gloss to 0. This eliminates the lens and leaves only the frame:
Leave the settings on the Illumination tab as is. On the Frame tab, increase the Thickness to 15 (or to whatever value gets you the look that you want for your eyelet):

If you want a different color for your eyelet, you can change the color by clicking the Color swatch and selecting the color you want. You can always recolorize your eyelet later on, though, so this isn't necessary.

When you have the settings on the Frame tab the way you want, click OK.
Optional: If you want to enhance the edges of the eyelet a bit, choose Effects > 3D Effects > Drop Shadow. Set both offsets to 0. Set Opacity to about 90 and Blur to 0. Choose black as the shadow Color. Click OK.
Save your image as a PNG using File > Export > PNG Optimizer. Use these settings:
- Colors tab: 16.7 Million Colors (24 bit).
- Transparency tab: Alpha channel transparency; Existing image or layer transparency.
- Gamma tab: the default setting (45455)
- Format tab: Non-interlaced.
Click OK and save the image to the folder where you store your scrapbook elements.

(And if you like, you can also save your eyelet as a Picture Tube using File > Export > Picture Tube.)

Tip: If you want a different colored eyelet, add your eyelet to your layout on a separate layer. Then recolorize the eyelet with Adjust > Hue and Saturation > Hue/Saturation/Lightness.