Superb Folded Text Effects

Mario Madjarov is an architecture student with a great passion for design and creative work.

A lot of his works can be found at his deviantART page.

Discover the easy-to-understand and outstanding techniques behind building a perspective and superb folded text in a 3D environment

Hello dear visitor and Welcome to the Superb Folded Text Effects Tutorial.
In this tutorial, we'll be examing and training the techniques of folding a regular text in a 3D environment. We'll go through the stuff known as: perspective, shading,
lightning and etc...
So let's start right away!.

Create New Document with sizes of: 720x480 px and apply some text on it, using the Text Tool of the Tools Palette.

Now because we're going to rasterize the layer, make sure you're done with the text styling (size, style, alignment and etc...).
On the Layers Panel select the Text Layer, right click on it and chose the option Rasterize Type. So can rasterize the current (non-editable) layer.
If you're done with that too, grab the Pen Tool of the Tools Palette on the left side on the program interface.
Before you go further with the paths drowning, make sure you've got you're Pen Tool Style adjusted on "Paths" only. (there are 3 different Pen Tool styles: Shape 
Layers, Paths and Fill Pixels, so make sure you've got the 2nd one selected).
Now, having the Pen Tool in our hands already, we'll start drowning paths, so we can create a selections which will help us to cut down the text layer we've rasterized a
few minutes ago.

Since we've got out path closed, right click on it and chose the option - Make Selection.

Make sure you've got the text layer we've rasterized selected on the Layers Panel, if so simply cut the selected part on the working area using the copy-paste action.

Set the cutted part to its previous position and color it in the default red color - #FF0000.

Now we'll need the rest of these 2 letters we're currently modifying ("F", "O"), separated from the entire text we rasterized a few minutes ago.
Select the rest of the "F" and "O", and cope-paste it to a newly created layer. Then, color it in the default white color - #FFFFFF.

If you are done with it, move further to complete the rest of the rasterized text layer.

I'm pretty much done with the cutting, copying and pasting, and pretty much I've got my layers ready to for the modification as well.

If you reached that level, select the top red slice of the "FO" and go to Edit > Transform > Distort (...or simply use the shortkey command of CTRL+T > Distort).
Now, using the distorted transformation, modify it the way it's shown below.