Making Stained Text Effect


1) New document
Horizontal Type Tool,
write whatever you like
rasterize the layer..

 
2) Filter --> Disort--> Ocean Ripple
use default in this case I used 10/10
the color of the stains depend on your background color here I used light grey.
 
3) Select the text all the black area selected the inverse the selection
so that we select the gray area.
add noise 11%
gaussian/monochromic.
 
4) Go to the text layer and
give it a drop shadow default
setting (except the opacity
put it at 35%...)
 
5) Give it a Bevel & Emboss
; Inner Glow.