Start by applying a solid color to the background layer.
Double click this layer in layer window to unflatten it. Double click the layer to open layer style window. Apply layer style with the settings shown.
Using custom shape tool create a preset 5 pont star shape.
Populate the background with stars of different sizes.
Rasterize the layer. Hide the background layer. Create a rectangular selection of the whole area using rectangular marquee tool.
From edit menu select define pattern. name the pattern "stars". We'll use this pattern regularly in later steps.
Change the layer mode of stars layer to overlay.
Using custom shape tool create a preset 5 pont star shape.
Double click the layer to open layer style window. Apply layer style with the settings shown. We'll use star pattern that we saved in pattern overlay this time.
Create a circle using elliptical shape tool. Press Ctrl+T. Right Click and select Warp. Adjust the nodes to get the shape as shown.
Apply same layer style as we applied on star shape. In next few layers we're going to apply same layer style.
Create an ellipse using elliptical shape tool.
Duplicate the ellipse layer and scale down a bit. Change the color.
Create blob 1 shape using custom shape tool.
Apply same layer style.
Change the layer mode to "Hard Light".
Create a few small ellipses for droplets of water.
Create a rectangle on top and type star sign name over it.
