[1] Finding a good image like this.
[2] Take the Text Tool select the Horizontal Type Mask Tool, download this font http://cooltext.com/Fonts-c
[3] Create a text.
[4] Make the new layer and fill the selection with White color.
[5] Now hide the Layer 1 click on the eye.
[6] Make the copy of the Background.
[7] Then Go to Edit>Transform>Wrap Adjust nodes as shown..
[8] Create three duplicates of this Burn layers. Repeat the above step and warp each layer differently.
[9] Now Unhide the Layer 1.
[10] Go to Window>Animation.
[11] And now Hide these layer do not hide these two layers.
[12] Now Duplicates Selected Frames, click on this icon.
[13] Now Hide this Layer and unhide the Next one.
[14] Now Duplicates Selected Frames, click on this icon.
[15] Now Hide this Layer and unhide the Next one.
[16] Use the same think to next layer now click on this icon to Play Animation.
[17] Save Optimised as, and it should look like this
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