The following code
- returns the value ids of the selected options for this product: 123,124
- turns that into an array: array(123,124)
- then finds the label of those options: 123=>Airco and 124=>Radio
- and returns the values in a text string: Airco, Radio
$_attribute_code = 'car_options';
$car_options_csv = Mage::getResourceModel('catalog/product')->getAttributeRawValue($productId, $_attribute_code, $storeId); // returns: 123,124
$car_options = explode(',', $car_options_csv);
$attributeId = Mage::getResourceModel('eav/entity_attribute')->getIdByCode('catalog_product',$_attribute_code);
$attribute = Mage::getModel('catalog/resource_eav_attribute')->load($attributeId);
$attributeOptions = $attribute ->getSource()->getAllOptions();
$res = '';
foreach($attributeOptions as $a)
{
$l = $a['label'];
$m = $a['value'];
if (strlen(trim($l))>0 && in_array($m, $car_options))
{
$res .= trim($l) . ', ';
}
}
echo substr($res, 0, -2);;