I used to 'battle' alot on a forum, i noticed this tecnique was used over and over.
1. Make a new image, we used 250x 175
2. With your foregruond colour selected as black, click Edit > Fill - and give it Foreground colour, with 100% opacity
3. Type in your text. and adjust to font and size to your liking - i like the colour white.
4. Click Layer > Duplicate layer and name it top
5. Click on the little eye in the layers palate
6. Make the layer below the active layer, and click Filter > Blur > Radial blur (agree to the rasterising) and give it these settings:
7. Click Edit > fade radial blur, and fade it down to about 70%
8. Now click ON the eye on the layer named top (where it should be)
Then layer flatten image! simple yet effective
More Tutorials: 
