Step 1.

Opet a new document: File-New

Step 2.

Pick Text tool and use some “bold” font for
this. I’m use Cancun there. You can use Arial Black or Impact.

Step 3.

When you type something you must rasterize that text,
go to Layer-Rasterize-Type, now we can use one filter.
Go to FIlter-Distort-Glass and when you get new windows just set up
amounts like on image. In Texture menu pick Frosted.

Step 4.

Press Shift+Ctrl+E on keyboard.

Now pick Magic Wand Tool and click somewhere on black
surface, after that go to Select-Inverse

Step 5.

Go to Select-Save selection, and when you got new windows
in name just write something, im use “selekcija”. Now you
had save that selection on different layer. Click ok, and pres Ctrl+D

Step 6.

Now go to Image-Rotate Canvas-90 CCW, after that Filter-Stylize-Wind,
method is wind, direction is from the right and click OK. After that
just press Ctrl+F two-three times.

Step 7.

Image-Rotate Canvas-90 CW, and after that Filter-Distort-Ripple
and just click OK in new window.

Step 8.

Now make one empty layer.

Step 9.

Now we must load our selection, go to Selection-Load selection
and when you get new window in Channel section pick your selection name,
my is “selekcija”, and then click OK!

Step 10.

Now go to Edit-Stroke, and on new window just use amount
like on picture, and click OK
Press Shift+Ctrl+E and after that Ctrl+D

Step 11.

Go to Image-Mode-Indexed Color and set up amount like
on my picture. We will mage a .gif pic

Step 12.

Image-Mode-Color Table and in Table menu just pick Black
Body, and click OK

Step 13.

Now if you want .jpg format go to Image-Mode-RGP and save
it like .jpg