Hi all! i think that this tutorial wont be so large as the kasy one, but, i think that with this its enough xD
1. Make a new document, i used 380x135
2. Now press "d" to restart the colors, now we will start brushing, so, filter > render > clouds.

Now we have a base. Let's brush! i used this brushes
DownloadIf you wanna see all the brush gallery, register in the
website.
Now, start brushing, be crazy!
I made this

3. Now cut the render, i used this one, i cutted it for you ^^

You should have something like this

4. Now type something in white, i used the font 08 Underground. You can find it
here.
Now, this is what you should have

Now, here it is, my new effect, Transparent Font 2 ^^.
Its very simple, apply this blending options to the text layer



Now you will have something like this

Now, lets make it transparent, change the fill to %0