Step 1:
Fill the Background with the color #363636, then type the text you want, I'm using the font "Rockwell Condensed", size (200 px), and the color #362f2d.

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Step 2:
Double click on the "Simplicity" text layer, and fill in the values for the following effects:

- Apply a "Drop Shadow" with a "Spread" value of (5) and a "Size" of (6). Change the "Contour" type to "Cone - Inverted".

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- For the "Inner Shadow", change the "Blend Mode" to "Screen", and the color to #aeff00.

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- Apply the "Inner Glow" Effect using the color #baf564, and change the "Choke" value to (15), and the "Size" to (16).

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- Add "Bevel and Emboss", change the "Shadow Mode" to "Overlay", and the color to #acd373.

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- And finally, add a "Gradient Overlay", using the Palette provided in the Resources section at the beginning of this tutorial, or simply create the gradient using the colors #79a933 and #dcf0bf.

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Click "OK" to go back to your layer.

Step 3:
Press the Ctrl key, and click on the "Simplicity" text layer icon to create a selection. Create a new layer ABOVE the text layer and call it "simplicity 2".

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Step 4:
Select the "Paint Bucket Tool", and change the fill type to "Pattern". Choose the "Clouds" pattern, and fill the selection (make sure you are on layer "simplicity-2").

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Step 5:
Go to the "Filter" menu - Sketch - Chrome. Type (0) for "Detail" value, and (10) for "Smoothness" value.

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Step 6:
Again, go to the "Filter" menu - Sketch - Halftone Pattern. Type (1) for the "Size" value, (5) for "Contrast", and make sure the "Pattern Type" is "Dot".

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Step 7:
Finally, change the "simplicity-2" layer "Blend Mode" to "Overlay", and the "Opacity" to (45%), or whatever you think looks good.

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Result

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