We have also held a Tag Swap on my Facebook Group The Joy of Sets this month and I chose Circle Paper Tearing and Yellow as the theme. This also fits in with the Double Trouble challenge of using something round.
I used some Tim Holtz distress inks for the background of my tag sponging a few colours. The stencil of the circles is a very old Tim Holtz one as is the Artist stamp in the middle. The work of art sentiment is from SU Painter's Palette. I added the tag to some paper and tore the edges. Some ribbon and some glitter dots finished off the tag.
I'm looking forward to seeing what you do and don't forget you can add your project to both Challenges if you fulfil the requirements.