First open a new document in Photoshop with the following size

Select the gradient tool with type as radial gradient and the starting color as #054f7c and end color as #0497c8.

Draw the gradient from the center of the document to the top such that you get this background

Select the text tool and type "psd" with a bold faced font.

To get a slanting effect, the perspective option will not be available when the text is non rasterised,so hold down Ctrl key and click over the thumbnail of the text layer in layers palette,the text will be selected.
Now create a new layer above the text layer and fill it with white.
Now hide the original text layer.
Then press Ctrl+T on the keyboard to go for the transform options.
Right click inside the area and select perspective.

Now press Ctrl+T and transform it by pulling down the right bottom box in the selection area

Likewise perform the above steps to change the rest of the text

Now transform the letter s.

Select the letter D and click on perspective

And transform it as shown.

Apply the following layer styles for the letter p.

Select drop shadow and change its values as shown

Select gradient overlay and apply its values as given

Copy the layer style from the letter p by right clicking on the layer palette and paste it to the other two letters.you will get a result like this.

Now duplicate all the three layers and apply the blending modes as follows.

To apply the gradient overlay select the range of colors as
#121212 #2d2d2d #000000 #4c4c4c #676767 #4c4c4c
(starting from left to right).

Select each individual layers and move them back from the original layers, so that you get the following 3d effect.

Create a new layer and now Ctrl click over all the thumbnails of the front letters and the back letters so that it gets selected like this.

Fill the new layer with white color

Go to Filters->Blur->Radial Blur and apply the following values to it.

Now move this new layer behind all the current layers and place it before the background layer and u will get an effect like this

Select a smoke brush( if a smoke brush is not available with you,download it from the internet,a lot of websites provides free brushes) and paint it in the middle of the document.

As you have done it before,hold down the Ctrl key and click over the blue filled letters layer.select the ctrl+shift+I to invert the selection and erase the rest of the areas with the eraser tool

Again press ctrl+shift+I to invert the selection and make the opacity of the layer as follows.

select some designer brushes and paint it in the same layer as shown.Note that these designs must be painted at the back of all the text layers

Now create a new layer and fill it with black,and go to filters->render->clouds,again go to filters->render->difference clouds, and change the mode of the layer as screen,so that u get this effect

Erase some of the lightning over the unused area in the picture such that u get the lightnings only over the letter layers

Now select the text tool and type the word geek.

Apply the blending effects as follows

You will get this effect.

Now create a new layer and fill it with black.go to filters->render->lens flare and apply the third option,now change the blending mode to color dodge and transform it and warp it and place it near the letter p

Repeat the step to create a flare and place it for the other letters too

Create a new layer beneath the background and fill it with black, Select the background layer and click mask option at the bottom of the layers palette and fill the mask layer with a black and white gradient of type radial.

This is the final result