This tutorial shows how to make cool Ice text effect.
So, lets start.
Step 1Open a new canvas, and fill it with black.
Write something in the middle with big, bold white text.
Hold Ctrl and click on the picture of the T in the layer menu, this will give you a selection of the text.
Go to Select > Save selection choose a name for this selection and click OK.
Step 2Right click on the text layer and choose Rasterize layer This will flatten the layer, making you unable to adit the text, but now you can apply filters on it.
Go To Layer > Flatten Image.
Go to Filter > Blur > gaussian blur.
I used a radious of 7.2px, choose a radious according to your text size to get a similar result.
Press Ctrl + D to deselect.
Go to Filter > Stylize > Solarize.
And then, Image > Adjustments > Auto levels.