We made this last month at club. I found how to do this over on Bronwyn Eastley's blog http://addinktivedesigns.blogspot.com/2011/08/two-tags-die-easel-card-tutorial.html. FABULOUS! There are a lot of good ideas over there!
Using a piece of cardstock 3-1/2 x 9, score at 4-1/2. Fold along the score line. Using the Two Tags Die, align the folded edge on the larger tag inside the straight end and run it through the Big Shot. With another piece of cardstock, cut out a full tag.
On the folded base piece, fold the top back.
Embellish the single piece. This is the front of the card. Attach the top of the single piece to the top of the folded card base. Embellish as desired.