Before we start with tutorial, find some interesting picture which you insert into our text.
Step 1Create a new document (Ctrl+N) and set the dimensions whatever you like, mine dimensions are 300 x 100px (just example).
Step 2Write some text and set it obligatory to bold. I use Arial Black font.
After that press Ctrl+T and if necessary increase lenght and width of your text.
Step 3Open your picture.
Press Ctrl+A to select the whole picture and using Ctrl + c copy that picture.
Step 4While you hold down Ctrl key, click on your layer with text, to select text.

Step 4Now, we must paste our picture into our text.
Click on Edit > Paste Into (Shift + CTRL + V)

After we have paste that picture into our text, press Ctrl+T and decrease if necessary that picture and move it to "fit in" nicely into text.
Step 6Lastly, we also can if we like, add to our text Stroke Effect and light drop shadow effect.