First I started with a linear gradient from right top to left bottom.
step 2 of 8
Then I took out the water. For the colour I made a layer below the
water, filled with #7c481d. Then changed the blend mode of water
layer to Luminosity. Removed the big drop and warped it to fit the
step 3 of 8
Repeat step 2 for the blue one.And go to Edit:Transform:Flip Vertical.
step 4 of 8
Then I made the cup with Pen and Elliptical tool. Then applied layer
styles : Inner Shadow, Inner Glow, Bevel and Emboss and Satin.
After that, a lil bitty Halftone Pattern filter.
step 5 of 8
After that, rotated the cup and warped some text into it.
step 6 of 8
Then, added some chunks made by Pen Tool on two different layers.
Placed one between water and blue one. And applied Inner Shadow,
Inner Glow and Satin.
step 7 of 8
Added some type to make it look good.
step 8 of 8
Added a title. Then press Ctrl+Shift+Alt+E. Changed the blend mode
to Multiply and opacity to 42%.
Applied a little Levels to make it dark and again a lil bitty Halftone Pattern filter.