We are going to make a pencil.
(own creation)

Download here the selections

Download here the gradient
(extract it to your psp gradients folder)

Open a new image 200x60 with a transparent background.

The wood
Open the wood.sel and flood fill it with the color #D6BF9A.

I used these settings:

Deselect the selection.

Open the woodshad.sel and flood fill it with the color #4B3A1F.
Deselect the selection.

The color
Add a new layer.
Open the color.sel and flood fill it with a color of your choice.

Green #84B16E ,Red #C86454 ,Blue #537DC7 ,Yellow #FCCC22.

Deselect the selection.

Open the darkcolor.sel and adjust a -25 brightness.
Deselect the selection.

Add a new layer.
Open the colorshad.sel and flood fill it with the color #000000.

The eraser
Add a new layer.
Open the eraser.sel and flood fill it with the color #DFB8B8.
Deselect the selection.

Open the erasershad.sel and flood fill it with the color #000000.
Deselect the selection.

The silver
Add a new layer.
Open the silver.sel.
And flood fill it with the pencil gradient (set the angle to 180).
Deselect the selection.

At the same layer:
Open the silverlight.sel and adjust a 25 brightness.
Deselect the selection.

Add a new layer.
Open the silvershad.sel and flood fill it with the color #000000.
Deselect the selection.
And you are finished.