I was convinced that the MS loop punch did not really exist; no one seemed to have it in stock. I actually gave up looking. Last Thursday, I went to Michael's to pick up blank cards and envelopes. And there, finally, in stock, were Loop and Corner Loop!!!! This is my celebration, playing with lots of scraps.
To explain the title: I placed the "l" on the arrow, then an "o", another "o", the "p" and then, noooooo!!!! Thanks, Mel, for "I haz UR bRa", for the solution!!!!