Here is an 8-1/2" x 11" scrapbook page that I made for one of my Hostess club meetings. It uses Old Olive card stock, now retired Home Again DSP, retired River Rock card stock for the tag, On Board chipboard for the "t", and now retired Hodgepodge Hardware that was added to the tag. The together stamp is from the Define Your Life stamp set.
No, Stampin' Up! hasn't created a longer tag punch. The card stock was cut into a strip and pulled through the punch to elongate the tag. You can create any length tag to go with your projects this way!