1. Type the text with Pale Cool Brown as shown below.
2. Filter > Noise > Add Noise
(Amount: 7, Uniform, Monochromatic)
Say OK when asked for Rasterizing the type.
3. Filter > Artistic > Watercolor
(Brush Detail: 14, Shadow Intensity: 0, Texture: 3)
4. Layer > Layer Style > Bevel and Emboss
Change the Gloss Contour to Ring
5. Select Contour. Change to Rounded Steps.
Select Drop Shadow also
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