The colors in this photo are extremely distorted. Also, I would not have cut the bottom of the bottles off, we should be able to see teh whole object to make it feel complete.
The artifacts from the Hue/Saturation mods are really unpleasant. The function "selective color" under selection offers a "softness' control, but unfortunately, it's against the rules to use it. All things considered, the shot would have worked better if you used a worklamp to shine through the flag (creating a stronger effect on the actual image) rather than trying to bring it up in photoshop.