- Start with a new RGB image. Create a new channel by
opening the channel palette(Choose Window/Show Channels if the palette
isn't open) and clicking the triangle in the upper right corner of the
palette and selecting new channel. Now select the type tool and enter
some text and make sure you leave some room for the 'drips'.

- Now,
Rotate the image(which is under Image.Rotate Canvas) 90 degrees
clockwise and apply Filter/Stylize/Wind(settings-wind from the left).
Repeat the wind filter 2 more times. You can use CTRL+F to repeat the
filter. Then rotate the image 90 degrees counter-clockwise.

- Now you want to apply Filter/Sketch/Stanp and play around with the settings to get the effect you want

- You
now have a channel of dripping text. Now CTRL+Click the channel and
then click the RGB channel to return to rgb mode. You will now have
just a selection on a white background.

- Choose a color and fill in the selection. We added a drop shadow and an inner bevel to finish off the effect.


