Please leave a comment at the bottom if you are having troubles!

I created this in Photoshop CS2, but any other Photoshop should work as well.

 I started out with a 300x300. 72 resolution, and RGB Color at 8 bit.

First off, fill the background with black, and change your color WHITE to make the text.
You can type whatever text you would like, in this case, I used "MG", font also is your choice, I used Copperplate Gothic Bold.

Then go to Filter>Sylize>Wind>From The Right, and then repeat that once more.

Next Double Click on your Text Layer.

A box should pop up and go down to Outer Glow, choose a Bluish color, or whichever you would like and set the Opacity to 100%, Size to 5, and Spread to 0.

 Next, go down to Gradient Overlay and click on it, and do these options: Normal, 100% Opacity, Pattern Satin, Scale 100, Link With Layer (Checked).

 It should now look like this: And thats it!

I will be adding more onto it sooner or later, but for now, this is Speedy Text!