Create a new channel. You will get a chance to name it, so let's call it something useful like 'Trim,' which is what we will use this channel to do. We want the new channel to have a white background instead of its default black one so that the text will show up. Look at the two squares on the tool palette that indicate the foreground and background colors. Use the little double arrow button to make the background color be white if it isn't already. From the menus, Select/All of the new channel and delete to fill it with white. This is a good time to save your document. If you don't want to overwrite your eps format file, make sure that your change the name this first time when you are given the option. Back in the Layers Palette, select all (if its not still selected) and cut your type from its layer. Then in the Channels Palette, activate the 'Trim' channel by clicking on it and paste the type into your new 'Trim.' channel. Deselect the text by clicking outside of the marquee. Save your document. For the final channel, make a copy of the 'Form' channel as you did above and name it 'Shade.' Select/All and apply the Gaussian Blur again. Check to see that your background color is black, change if necessary. Then, use your right and down keyboard arrows to move it: about 10 clicks right and 5 down. (Maybe less or more depending on the room you have around the image and size.) You could use the same number of strokes in each direction, but things aren't usually symmetrical in real life. Load the 'Trim' channel as a selection. This time, we really want the opposite of what is normally selected, so choose Select/Inverse from the menu. Then delete to fill with black. You can now deselect by choosing Select/None from the menus. Save. To prepare the first layer, 'Form,' activate it by clicking on its name and Select/All. Then from the menus choose Edit/Fill. Select 50% Grey for Use, 100% for Opacity, and Normal for Mode. Click Okay. Experiment! Try filling the background with a green- or a blue-grey. From the menus choose Filters/Render/Lighting Effects. Pick a Spotlight, rotate it to the top of the image, and adjust it so that the light fills the upper portion of the image without being too bright. Make the Gloss shiny, the Material, metallic. For the Texture Channel option, choose your 'Form' channel. (You can also lower the spotlight's Intensity for a softer satin finish like brushed metal.) Viola! Instant 3D chrome type. Now we will add some shadows and the reflections of the environment. Next, make the 'Environs' layer active and choose Overlay. Adjust the Opacity to your taste. In the example, the setting is 50%. Notice the difference between using the Overlay state here instead of the Color state. When you have everything as you like it, File/Save the document. Then File/Save A Copy, with these options selected: Flatten Image and Don't Include Alpha Channels. Save your copy as a TIF documents using LZW compression. Now it's time for the icing on the cake. Close your original document and open the copy. Source.