I found this image on the internet and I was wondering how I can go about creating this in Photoshop and ImageReady? Here is the image:

http://cbimg9.com/layouts/08/04/25/27086aa.gif

Any help at all is greatly appreciated. Thanks!

hey guy !
i wrote a tutorial for you !
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My result:

[+] File PSD : Click here to download
Password: rabid.li
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And tutorial (2 parts):

Press Ctrl + Alt + Shift + S to save your image as GIF image !
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Good luck !
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P.S: srr ! in my tutorial there're some misspelling mistekes (create ! not creat )! In the hurry to write, i wrote wrong ! srr  T_T"

That's cool R_a_b_i_D! I really like it, I think I will try it later. Oh, if you spend some more time on this I think you can post a new tutorial topic to create something like this. Please use text instead of one/two images for the tutorial though, we appreciate text tutorials a lot more. And don't forget to run your spelling checker over it if you know you make some mistakes.