Suz's Place is one of the first sites that I discovered when I was new to PSP. I think she's a fantastic teacher and her tutorials are well written. You can get lost for days looking through all the goodies and tutorials she has to offer. Over time I will post my results for more of her tutorials, but I thought I'd share this one first as it's one of my favorites and so easy to do. If you have any trouble using alpha channel selections, just give a holler, because they are really easy, and I or another member can probably help you with them.
I think this was the first one I made in 2005 back in the Kat Korner days.
And here's one you may have seen; I made a new one every year.
I made this one for an animation challenge.
In the tutorial, down in the Supplies section, there's a BONUS link for additional templates. I made these with the ss-bigblinkie204x204 templates. They were coupons that I used at TTags for tag requests; I decorated each one to match the webset for the month.
The only limit to what you can make is your imagination. I'm sure you can come up with even more ideas for making these blinkies special.
I'd love to see what you make!