Create a new image (Mine was 400x250). Fill background with black. Render two lens flare's with this settings.
Go into the twirl filter and use this settings.
Duplicate the Layer
Press CTRL+U, check colorize and colorize to a color of your liking. I used a dark purple.
On your new layer, go into the radial blur filter and use the above settings.
Double Click your layer, and change the blending mode to linear (or color) dodge. I suggest you experiment with this. If you select darken you will get a totally different, and cool effect