Step three:
  • With the lasso tool draw a random hole on two of the letters preffered the first two.
  • Create a new layer and fill the selection with black.


    Step four:
  • Add the following layer-styles:
    Drop Shadow
    Structure Blend Mode: Color Burn
    Color: #000000
    Opacity: 75
    Angle: 0
    Use Global Light: Uncheck
    Distance: 2
    Spread: 0
    Size: 10
    Quality Contour: Default
    Anti-aliased: Uncheck
    Noise: 32

    Inner Shadow
    Structure Blend Mode: Color Dodge
    Color: #FFFFFF Opacity: 27
    Angle: -45
    Use Global Light: Check
    Distance: 4
    Choke: 0
    Size: 0
    Quality Contour: Default
    Anti-aliased: Uncheck
    Noise: 0
    Inner Glow
    Structure Blend Mode: Normal
    Opacity: 67
    Noise: 0
    Color: #918A84
    Elements Technique: Precise
    Source: Edge
    Choke: 0
    Size: 2
    Quality Contour: Default
    Anti-aliased: Uncheck
    Range: 50
    Jitter: 0

    Stroke
    Structure Size: 1
    Position: Outside
    Blend Mode: Hard Light
    Opacity: 100
    Fill Type: Gradient Gradient: Default
    Reverse: Uncheck
    Style: Linear
    Align with Layer: Check
    Angle: 90
    Scale: 92