Been a while since I've created a text effect tutorial so I decided I'd do one. In this tutorial I will show you how to create a colourfull text effect using the gradient blend and blur effects.
 
This is the final result of this tutorial
 

 
Step1:
Create a new page, 600x450 is what i used. fill the background layer with solid black.
 
Step2:
Now we'll add the text. select your preferred font i chose "Brush Script MT" Italic for this.go to blending option>gradient overlay>fill it with spectrum gradient(Compatibale with All Versions of Adobe PS) and set angel at 0 degree.


 
Step3:
Duplicate The Layer by pressing ctrl+j and this time fill it with solid white color,name the layer Text1.
Now select the text1 layer and press ctrl+j once again to make a copy of Text1 layer.name it as text2
 
Step4:
Hide Text1 and Text2 layer and Select the Layer Namely "CrystalXP" (the first text layer)
and in the menu go to filters>blur>Gaussian blur and set the blur to 7.

 
Step5:
Unhide and Select the Layer Namely "Text1"
and in the menu go to filters>blur>Gaussian blur and set the blur to 3 this time.

 
Step6:
Unhide and Select the Layer Namely "Text2"
and in the menu go to filters>blur>Gaussian blur and set the blur to 1 this time.

 
you can also change the background to make it more effective

 
You can also add some Shapes for attraction.

 
Very Effective For Text Pinching

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hehe I like it!   Very nice and simple effect. Nice job!   I'll try this when i get back home.  

At last some one like it,thanks

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