Colorful Classy Text

Step 1

Create a new document of any size, or open an existing document. This effect looks better on a lighter background, so I'll be using #FFFFFF.

Step 2

Place text on the document using a nice thick scripted font, here I'm using a font called Frankenstein which can be downloaded here for free. This font is also accompanied with the download pack for this tutorial.

Step 3

Double click this layer, and apply the following blending options:

Drop Shadow:

Inner Shadow:

Bevel And Emboss

Contour:

Gradient Overlay:

Stroke:

Result:

Step 4

Hold down the Ctrl key on your keyboard and click this layer, to make a selection of everything in this layer:

Go to Select->Modify->Expand with a setting of 5 pixels:

Press Ctrl + Shift + N On your keyboard to create a new layer.

Drag this layer below our text layer as I've done here:

Fill the selection with #BEFFFD, using the flood fill paint bucket tool.

Step 5

Set your foreground color to #BEFFFD, get out the flood fill bucket tool ( ) and fill this selection:

Double click this layer, and apply the following blending options:

Drop Shadow:

Inner Shadow:

Stroke:

Result:

Click to enlarge

As you can see, this is a very easy text effect to create however the end result really looks fantastic.