1. Begin with a 500 x 500 px file (recommendation). Type in what you want 3D, pick the colour of your choice and Rasterize the layer (Right-Click on the text layer and select Rasterize Layer).
2. Next to give movement to the text, hold Ctrl and hit T to Free Transform the object. While holding Ctrl, Alt, and Shift, drag one of the bottom two corners outwards, enough to seem a bit "zoomy".
3. Next, hold Alt and hit the Up arrow on your keyboard. Remember, the times you do it is the same amount of depth you're going to end up on your 3D text. After doing so, hide the top layer and the background layer and select any one of the bottom layers (below the top layer), hold Shift + Ctrl and hit E to merge every layer together except for the top and background layer. Then, un-hide the top layer and the background layer. Double click on the layer above the background layer to customize its blending options. Change the colour to the one that suits you best.
Click OK
4. All done. Customize further if you wish to do so. =)
