Here is the sample code to display the flashy label content using background color and timer.
Public Class Form1
Private Sub Form1_Load(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles MyBase.Load
Timer1.Interval = 500
End Sub
Private Sub Button1_Click(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles Button1.Click
Timer1.Enabled = Not Timer1.Enabled
Label1.BackColor = Color.White
End Sub
Private Sub Timer1_Tick(ByVal sender As System.Object, ByVal e As System.EventArgs) Handles Timer1.Tick
If Label1.BackColor = Color.White Then
Label1.BackColor = Color.Red
Else
Label1.BackColor = Color.White
End If
End Sub
End Class