This is a very tutorial for making colorful text, ideal for any kids decoration or web sites. we will be making this..

Design a Glossy Candy Text Effect For Kids - PS Tutorials Lorelei Web Design

So, start off my creating a new canvas, 500*400, and fill it with the white color.

Using the “Fertigo” font, type any word you like, and choose the “bold” text.

Design a Glossy Candy Text Effect For Kids - PS Tutorials Lorelei Web Design

Go to Layer Styles panel, and load the following settings..
Gradient from dark #5f001f to light bordo – #8e082c

Design a Glossy Candy Text Effect For Kids - PS Tutorials Lorelei Web Design

Design a Glossy Candy Text Effect For Kids - PS Tutorials Lorelei Web Design

Design a Glossy Candy Text Effect For Kids - PS Tutorials Lorelei Web Design

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and this is what we got so far..

Design a Glossy Candy Text Effect For Kids - PS Tutorials Lorelei Web Design

Now to the more complicated part.

Make a new layer.
Select a brush, hard round, approximately 35px wide, but this fully depends on how thin is your font and how close are your letters.

Select any colour (preferably bright) and simple doodle over the letter.

Design a Glossy Candy Text Effect For Kids - PS Tutorials Lorelei Web Design

Using the same layer, chose other bright colors and go over each and every letter like this.