This is a pre-shadowed element in a kit by Lalie Designs at Digi-Crea.
As you can see, there is quite a bit of drop shadow at the bottom of the element but I want to rid myself of this.
Grab your magic wand and click on the highlighted shadow at the bottom of the element. Your image now may look like this:
Hit delete on the keyboard and it now looks like this:
And now you can add your own drop shadow to the element!