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Going to get this:
With a few more effects+steps you can get something like this:
ok! lets start working on it.
1. Open up a new document, i chose 500x500.
2. Hit D on your keyboard to make the colors default. Hold shift so it makes a perfect circle with the Ellipse Tool (1 Tool below the text tool, right click it and choose the ellipse tool).
Make a circle, and once you let go it should turn black.
3. Rasterize your layer.

4. Grab your Magic Wand tool,

and click on the black circle.
(circle should be bordered with a flashing line)
5. Filter>render>clouds
6. Filter>Noise>Dust & Scratches
Settings:
Radius: In Mid-50's. I did 53.
ThreShold: In Mid 10's. i did 17.
7. Duplicate that layer 2 times.
8. On the Background layer (FIRST/Bottom Layer) Color black, make sure its filled black.
9. Now go to your Top layer, and do Ctrl+U check the colorize box, and make it a dark red color.
10. Filter>Texture>Mosaic Tiles
Settings:
Tile Size: 2
Grout Width: 15
Lighten Grout: 10
11. Now, on your 2nd to the top layer (SHould be your 3rd layer including background layer.) Do Filter>Blur>Gaussian Blur
Settings:
Radius: 7.0
12. On the same layer that you did the gaussian blur, do ctrl+u and click the colorize box, and make it a yellow color.
13. Now go to your top layer (4th, including background..) right click>Blending options.
14. Inner Shadow.
Settings:

15. Blending Options- Outer Glow.
Settings:

16. Blending Options- Inner Glow
Settings: Do everything default, but make the color the same one you used in the outer glow so it makes it look soft and smooth... lol.
17. On your top layer (Red layer) Do Hard light, and on the 2nd to top layer (Yellow Layer) Do Linear Burn.
Your
finally done!
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Done By;
PinkPanther, SilverSpoon (Furious GFX).