This is a long one so buckle up. It's not too bad- just one part where you have to pay extra attention but other than that it's pretty straightforward.

1. Type in your desired text.

2. We'll need to rasterize the text to edit it. Go to LAYER>RASTERIZE>TYPE. Now it's ready to edit.

3.  We need to add some perspective. To do this go to EDIT>TRANSFORM>PERSPECTIVE. This will put a bounding box on your text. We will will first make sone side shorter and one longer. First, grab the top right bounding corner (the little box) and pull it down. This will shorten the right side. Next go to the top left and pull straight up- this will make it taller on the left side. It should now have some perspective. Don't apply the transformation yet.

4.  The perspective looks good, but we want the top line of the bounding box to be horizontal. To do this grab the MIDDLE box on the left side of the bounding box and pull it straight down until the top of the box is horizontal as shown. Now click the move tool and click APPLY to apply the transformation.

5.  Now you'll need to duplicate the layer. Go to LAYER>DUPLICATE LAYER. You will have two identical layers now. We want the bottom layer to be black. There are many ways to do this. I used the magic wand. I made sure the contiguous button on the top bar was unchecked and then click inside one of the letters. This selected ALL of the letters in my word. I then went to EDIT>FILL and filled it with black. Now the bottom layer is black and the top is white.

6. We will now begin to edit the bottom layer. Make sure you are on the bottom black layer. Go to EDIT>FREE TRANSFORM.  (Command T or Ctrl T)  Press your left arrow key once to nudge the layer over a tiny bit. Then grab the bottom right control corner box and hold down the SHIFT key and gently nudge the box up to the left a tiny tiny bit. You don't want to move it too much as it can look jagged when done. This is tricky. It's just a minor adjustment here. Alternatively, you can push down the upper arrow key to nudge it up atiny bit. Sometimes this works better. There is room for give and take here- adjust it as it works for you. Click the move tool and APPLY the transformation.

7. Now we will just repeat this transformation over and over. To do this quickyl, press down your SHIFT, ALT, and COMMAND keys at the same time. (For the PC it is SHIFT,ALT and CTRL) and then while keeping these keys down press the letter 'T' repeatedly.  This will repeat your layer and it's transformation over and over. Do this 8 or 9 times depending on how thick you want the letter to be. You should see many many layers on your layers palette. We now want to merge these all together. Go to LAYER>MERGE DOWN.  (The shortcut is Command E or CTRL E) Press this over and over until ALL of the black layers become one layer. MAKE SURE NOT to include the top white layer.

8. For extra effect here, I went to my layer styles and added a gradient style to my black thickened layer. You can add any color gradient here. I chose a black to white gradient.

9. Next we will add the shadow. To do this I duplicated the TOP white layer and move it down to the bortom layer. I then went to the layer styles and chose COLOR OVERLAY and changed the color to black as we want a dark shadow.  We then need to go to EDIT>TRANSFORM>FLIP VERTICAL.  It will look all wonky.

10.  To fix this go to EDIT>FREE>TRANSFORM  and rotate the word until it closely matches the bottom of the top word. You will then need to PLAY!  This is the fun part and totally up to you how you want it to look. The two transformations I played with are EDIT>TRANSFORM>SKEW and EDIT>TRANSFORM>PERSPECTIVE. Play with these and move the letters around until you like the look. Reduce the opacity of this layer for a shadowed look.

11. On this version I used a green colored gradient.

12. On my layout, I merged the top two layers and added a bevel to them to make them look puffy.

HAVE FUN!!!!