Sticker Effect with Dashed Line Around Image

Not sure what is the right term for this effect. You'll have a cutout image, with a cool slash funky background for it. Amplify the effect by adding a white border around the image and a dashed line or dotted line surrounding it. This tutorial might seem quite long but it's actually a simple effect to achieve in Photoshop once you've got the hang of it. Pardon my abundant use of words, because