
Photoshop Shortcuts:
Apple+U : Hue/Saturation
Apple+T : Free Transform
Options+Delete : Changes color to image in your background
Apple+J :Duplicate Layer
Apple+E : Merge
Apple+F : Run through last filter
Apple+V : Paste
Apple+C : Copy
Apple+Z: Undo
Apple+X : Cut
Apple+N: New Document
Apple+A:Select All
Step 1 : Tap the letter D to change your foreground color to black. Hold down the options key and tap the delete key. Type your text using a medium gray color(#666666).
Step 2 : Duplicate your type layer by using the Apple+J shortcut. Rasterize your layer.
Step 3 : Go under the Filter menu, under pixelate , choose Fragment. Run this Filter two more times by using the Apple+F shortcut.
Step 4 : Press Apple+T. In the options bar, change the width and height to 130%.
Step 5 : Click on your original type layer and rasterize it. Click on the top layer and press Apple+E to merge the two layers.
Step 6 : To colorize your type , press Apple+ U to bring up Hue/ Saturation. Click the colorize check box and make the hue slider to the color you'd like.