i call this one apung2 style..
1-open a new file
2-make a new layer,apply a 'paint bucket tool' with the colour of your choice
3-now apply a gradient overlay on the new layer.blending options > gradient overlay..
4-type in anything you prefer, in ny case i'll choose my blog title..
5-make a new layer on top of the text layer and apply a splashy brush preset..
6-duplicate the 'brush' layer and put it below the text layer
7-then apply a drop shadow from the blending options..
8-now you'll have something that looks like this..try out