1) Make a new document, anysize doesn't matter. Now press "D" on your keyboard to reset the foreground and background colors to black and white. Make sure your background is BLACK.
2) Render a lens flare right in the middle of your canvas:
3) Apply Filter>Artistic>Plastic Wrap with these settings:
Now apply Filter>Distort>Twirl with these following settings:
4) Add some color (CNTRL+U):
5) Duplicate the layer and set the top layer to Color Dodge:
More Tutorials: 
