Start by opening an image of a long road.
From "Filter" menu select "Liquify". Select forward warp tool and apply on the road to create distortion.
Press Q to enable quick mask. From "Filter" menu select "Render>>Difference Clouds".
Press Q again to disable quick mask. Create a new layer and fill it with any color.
Press Ctrl+T and scale down vertically.
Double click the layer to open layer style window. Apply settings as shown.
Reduce the fill value to 0%.
Change the layer mode to "Difference".
Similarly create cracks in the distant portion of the road.
