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FreshBadge is a site that lets you easily create sticker-like badges for your personal website, blog, or social networking profile.
The deisgns are basic--choose one of four designs (all circular in some manner). From there, you can customize the details, such as the width of the "retro flower" petal design, the shadow color, border width, font style, size, color and transparency, and many other options. Once you've updated your badge design, you can drag it around the FreshBadge website to see how it will look next to text, along side the website, etc. From there, you can take it and place it on the web, wherever you'd like.
The only downfall for the FreshBadge service is the fact that you can't see any of the changes as you tweak your design, so you won't really know what it looks like until you've already made your changes.
vFlyer has recently added a tool like this into its flier creation service, to create watermarks. See also: Forget Photoshop: 15 Online Graphics Generators