For this text effect, we are going to go through very simple steps,first open a new docum,ent on photoshop.Everyone know how to, even if you don't know, go to File menu, then click on New. or just use the shortcut Ctrl+N.The document can be of any size that you need.

As you can see, the default background color in photoshop is white, but for the effect we need a black one.So go ahead and choose the paint bucket tool

Then select black color from the toolbar, then click once anywhere in the document.And you get a black bg!.

Now it's time to create text-click on the text tool, be sure you select any font and color (I'm choosing times new roman font, size of 100pts and color white)that you require from the toolbar that appears at the top when you select the text tool.then click anywhere in the document and start typing.Once you've finished press Ctrl+Enter to create the text( we can later align the text)[in the image you can see the places where you can choose the font size and color].

In the right side, you'll find the layers window.(if you don't see it,press F7).There you can see the black bg as a layer and the newly created text as a layer.Now press ' v ' so that you'll be able to move the text to the middle of the document.

Then, in the layers window, rightclick on the text layer and select Rasterize type.

now right click the layer again and select duplicate layer(then click ok if another dialog box comes).

Now select the original ' name ' layer and right click and select merge down ,alternately you can also use the shortcut keys Ctrl+E .Now you should have something like this.(also hide the duplicate layer by clicking on the eye next to it, we'll use the layer later)

This is where the fun part begins!!.Select the background layer, then go to the filter menu and select wind(as shown in the image).

in the dialogbox that appears, click ok.And you should have something like this:

This is not strong enough, so we will apply the filter again but this time, we use a shortcut since we've applied the effect just now.Press Ctrl+F and you get the filter repeated:

now go to the image menu, select the canvas option and select rotate 90'CW option.

Then press Ctrl+F twice

Now again select the 90'CW option and repeat the Ctrl+F twice again.Then do these two one more time-select the 90'CW option and repeat the Ctrl+F twice again.You should arrive at this(notice that we've rotated the canvas a full 360 degrees with the filter applied twice every 90').

Now it's almost finished, just a few minor details- go to the filter menu, select distort, then select ripple.(a small amount of ripple is enough, don't repeat it too much).

Now for the coloring part-select the layers menu,select new adjustment layer and select color balance.Now make the sliders move and create your desired color,I chose more blue and a little green.

Remember the duplicate layer we hided?, well un-hide it, by clicking on the small empty square next to it.

Next right click the layer and select blending options and apply the following(stroke, color overlay and outer glow) remember to set the parameters as shown here(after you've set the parameters, feel free to play with the sliders to see what effect they have!).

You're done with the text effect!