1. New Image
This is a very nice text effect I stumbled across! First make a new document and type your text, i've also made a gradient background to make things look a lot nicer.
The two colors I've used are #F8DA2A and #F3A819
Layer Style
Apply the following layer styles:
Drop Shadow:
Inner Shadow:
Gradient Overlay:
The result is quite nice.
Make a shape and apply the same layer style:
More Tutorials: 
