Step 1
Open up a new document 300 by 300 or bigger if you want. Create a new layer and use a grunge brush to fill it with three different colors. I think the best choice would be black under, and yellow and red on top like this.
Step 2
Now create a new layer and using one of the original photoshop brushes draw out some text. Use two or three lighter colors, but that are still lighter versions of the colors you used on the background, just like I did.
Step 3
Now go to Filter/Artistic/Dry brush and put these attributes in:
Step 4
Go now to filter/Blur/smart blur and put these attributes in:
Step 5
This is the final step. Go to Filter/Texture/Texturize and put these attributes in;
Step 6
Your done hopefully yours came out as good as mine.
More Tutorials: 
