Step 1
Create a new layer Set #052e05 (Dark green) as your foreground color. Now Use the text tool and type out what you want, and choose your text size.
Go to Filter > Blur > Gaussian blur and click ok for rasterizing the layer. Set radius to 1.
Now go to Filter > Distort > Ocean ripple and set these settings:
Ripple size: 5
Ripple Magnitude: 10
Step 2
Duplicate that layer and go to Filter > Sketch > Water paper and set this settings:
Fiber length: 42
Brightness: 70
Contrast: 64
In the layers toolbar set the blend mode to Hardlight, or whatever you think looks better.
Merge the two layers (Ctrl+E).
Step 3
Duplicate the combine layer and go to Filter > Blur > Motion Blur ( use Ctrl-F) about 3-4 times complete effect) and use these settings:
Angle: 90
Distance: 33
Set the blend mode to Hardlight.
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