So, start off by making a new canvas, and fill it with a dark background colour, we used black.

type the word u like… we used customized GauFont PopMagic.

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go to layer >> layer styles >> blending options, and set the following settings:

Inner Shadow

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Inner Glow

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and also…

Bevel and Emboss

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Contour Line Inside

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Colour Overlay

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After all these settings, u will have this:

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Now, duplicate your layer.

Select the upper (copied) layer and go to Filter Blur Gaussian Blur, and apply THIS BLUR

Reduce the opacity of the blurred layer to about 70%.

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That’s it, hope u like the result, please post any questions u have!

Oily and Shinny Text Effect