Select this autoshape :
Drag the shape in the canvas as shown:
Apply these layer styles in it:
Image after applying above layer styles :
Control+click on its layer name in layer palette to select the layer. Go to Select>Modify>Contract and contract it 2 pixels. Create a new layer and fill the selection with white :
Select high feathered eraser tool and erase the part of the layer as shown:
Now, draw this circle with ellipse tool :
Draw another small white color circle in the middle of the black circle :
Again erase the lower part of the white colored circle. This will give the glossy effect to the eye :)
Group and merge two eye layers. Duplicate and place the eye layer as shown:
Now, select Ellipse tool, but click on Path. Draw a path with it as shown:
Set the foreground color to stroke color i.e. #3250AA. Set the brush size to 4 pixels. Create a new layer and right click on the path. Select stroke path and choose brush. It will give stroke or outline to the path as shown in the following figure :
Select Rectangular marquee tool and draw a selection as shown.
Press delete. You have a smiling cloud :)
Select Ellipse tool again. Draw a #FFBC01 colored circle behind the clouds as shown:
Add #FE7E01 colored 3 point stroke in it:
Again, draw a white color smaller circle in the sun layer as shown:
Use high feather eraser tool to erase the part as shown:
Now, draw some #F79C06 colored lines to complete the icon :)
