Frames and Borders

You would think by now that I would be able to create a simple frame without bringing something in from Illustrator. I want to create a simple circle frame that I can use all the great photoshop tools on. Help.

-Joey

Hi Joey,
Here is the simplest way:
1. Create a new layer (Layer > New > Layer)
2. Convert the selection to border (Select > Modify > Border)
3. Choose a color and fill the selection with the Paint Bucket Tool

The frame is almost ready; just decorate it to your taste:
4. Apply "Drop Shadow", "Bevel", or some other layer style(s) (Layer > Layer Style > ...) to imitate 3D effect.
5. Apply Texurizer (Filter > Texture > Texturizer) or some other filter to imitate more or less natural surface.
6. Use some color/tonal adjustment to your taste.
Etc.