Grab the "Type Tool" "Nueva Std" bold at 62. The typeface really doesn't matter though. Type your text, in this case, "Metal" works for me.
Now that you have your text, you can now right click on the text layer and select, "Blending Options...". Now click on "Drop Shadow ".
Do not click OK yet... still more to do
Now click on "Inner Glow".
Do not click OK yet... still more to do
Now click on "Bevel and Emboss".
Do not click OK yet... still more to do.
Now click on the "Contour".
Do not click OK yet... still more to do.
Lets give it some color now by clicking on the "Gradient Overlay ".
Do not click OK yet... still more to do.
Now click on "Stroke".
You may now click OK.
The Results!!!
More Tutorials: 
