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This is what we will be getting:

or:

Something like that.
Step 1.
Open up a new document, i chose 400x400.
Step2.
Fill your background with black.
Step 3.
Place a lens flare in the middle of your background.
Step 4. Render>Liquify.
My liquified Result:

Step 5.
Add some color to it. Ctrl+U
Step 6.
Create a new layer. Ctrl+Shift+N
Step 7.
On your new layer, fill the background black. Make your backup color Black, and hit Ctrl+Backspace.
Step 8.
Filter>Render>Lens Flare
Place your lens flare near the liquified lens flare.
Step 9. Liquify your Lens Flare.
This is how i did mine:

Step 10.
Add SOme color, Ctrl+U .
note: Try using the same color as the first one, but brighter.
Step 11.
Put the blending mode on eitherColor Dodge or Linear Dodge, whatever looks better to you.
Your finished!
My ending result from this tutorial:

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