Going through some of my dies the other day I found the MFT (My Favourite Things) die called Let's Toast. This die set includes a label which slots over the neck of a wine bottle and various dies of glasses plus you can also buy a stamp set with sentiments.
I find it better to die cut the label out of fairly thick card stock otherwise the score line just below the cut out circle can sometimes cut right through. The background paper is from my Creative Memories stash, the sentiment is from the Let's Toast stamp set and it was die cut using Spellbinders Wonky Rectangles. To finish off I decorated the label with a wine glass.