Lightwave Photoshop Text Effect
1. Create a new 800x400 RGB file with black background and use white text.
2. Use a font of your choice and type in your desired text - we will use lightwave in this example. Make sure the color is white and centered on the page.
3. Make sure it fills about 65%-75% of the screen.
5. Set the style to Arc with Blend to 0, Horizontal Distortion to 0, and Vertical Distortion to 12.
6. Create a duplicate of your text layer and rasterize it.
6. Select your text layer and go to Filter > Stylize > Wind and use these settings
7. Do this twice.
8. Now go to Image > Rotate Canvas > 90 degree CW, and apply the Wind Filter again (or hit CTRL F). Rotate and repeat until the text is again in its normal position. It will now look like this:
9. Duplicate the frosted layer you just made (not the text) and go to Image > Blur > Radial Blur with a Zoom level of 100 and Quality at Best.
10. Now select your text layer and duplicate it. Then go to Image > Blur > Radial Blur with a Zoom level of 100 and Quality at Best.
11. Go to your initial text layer, resize it about to 80% of its original size and drop the opacity to 60%. Your image should look something like this.
12. Take the text layer and add a Pillow Emboss on it with these settings.