Hearts on the sun rays......

Create a new file ( File>New ) of 1280x1024 px and 72 dpi . Using the Paint Bucket Tool (G) , fill the new file with white color.
Create a new layer and set Fill to 80%. Set the foreground color to #570001. Choose Custom Shape Tool (U) and use this shape:


to create a sun rays:


Create a new layer. Set the foreground color to black and choose Brush Tool (B).
We are going to create some splatters, so you need to download this brush set.
Choose the brush you like most from this brush set and make a splatter at he center of the wallpepr.


Also add some smaller splatters around the center. This brush set will help you to experiment.




Create a new layer. Choose Custom Shape Tool (U). Download this custom shapes set with retro circles.
Using different sizes of the circles and changing angle of some specific shapes you should get something like this:



Next create a new layer. Choose Brush Tool (B). Download this brush set. Create swirls ornament around the center of the wallpaper using this brush set .




Next will be creating small retro circles. Choose Custom Shape Tool (U) and set the following settings:




Next choose another shape and change the size to the smaller one. Repeat it several times to achive something like this:



Create a new layer. Set the foreground color to #780001. Choose Custom Shape Tool (U) and select this shape:



Create a heart:





Apply the following setting to the layer:








Create a new layer and choose Pen Tool (P). Set the foreground color to white and draw the shape like this:



Next choose Convert Point Tool and deform this shape:



Using this technique create second heart of a smaller size.

Click to enlarge

That's all. Wallpaper is finished.
Other color variations.

Click to enlarge

Click to enlarge

Or without background.

Click to enlarge