Background is a layer of blue over black. Blue layer is set to vivid light mode. There is a gradient mask applied to the layer of blue. Text is bleeding cow from dafont.com.
step 2 of 5
The skull and snake/s masked and placed. Levels and hue/sat corrections made using adjustment layers.
step 3 of 5
The skull and snakes were copied and this layer was treated to the highpass and sketch/notepaper/inkoutkine filters. Hue/sat and levels adjustment layer used for the colorization. This layer was set to darken blend mode and opacity lowered slightly overlying the layer of skull and snakes.
step 4 of 5
The result of afore mentioned techniques.
step 5 of 5
The Bleeding Cowboy font has bevel/emboss and one with drop shadow "FX" applied.