Fire/Electricity Text

1) Create a new document, any size doesn't matter. make sure that the background is BLACK.

2) Apply a BOLD "white" text into your layer. I used WebDogPro as an example

3) Next step would be to use multiple "wind" effects

Filter > Stylize > Wind

your first wind effect should be from the left and another from the right

Filter Wind1: From the Left, Filter Wind2: From the Right

5) Now rotate the canvas 90 degrees clock wise

Image > Rotate Canvas > 90 CW

And again apply the wind effects

Filter Wind1: From the Left, Filter Wind2: From the Right

Rotate your canvas back to its normal state 90 degrees CCW



6) Convert the image to Grayscale, then again convert the image to indexed colors

Image > Mode > greyscale,

Image > Mode > Indexed color

7) now modify the color table to your needs

Image > Mode > Color Table

You can edit this color table to your liking, the default color table looks pretty neat, but strains the eyes a but :D, so I made a blue color table shown below

DEFUALT table

My custom BLUE table