Step 1
First Open a document and fill it with a dark color. Goto Filter>>Render>>Difference Clouds.
Step 2
Now goto Filter>>Sketch>>Chrome. 10 Detail and 0 Smoothness.
Step 3
Next, goto Image>>Adjustments>>Levels. Move the tabs near the black spikes.
Step 4
You should have something brighter.
Step 5
Now apply a radial blur by going to Filter>>Blur>>Radial Blur. Set the amount to 80, Method to ZOOM and Quality to Best.
Step 6
Finally goto Image>>Adjustments>>Levels again and move the white tab toward the center a little bit to make it slightly brighter. Make a new layer and fill it with the color you want your zoom to be. Set the blend mode to color and you're done.
Final Result:
