A cool little loop around letters

1. Type an A (I'm just using it for this demonstration)

2. Make a new layer, and draw an oval selection. Use the fill/paint bucket tool and fill it a color

2. Duplicate the layer, and have the selection still selected (Use the Magic Wand tool to select it again if you need to), and make the layer smaller.

3. Still with the selection, switch to the original layer, hit delete, and then delete the smaller layer. You should get this:

4. Last step! Use the magic wand selection tool thingy again, and select the A layer, and then switch back to the loop layer. Use the eraser tool, and erase a few parts to make it look cool.

You're done! You can add text to the end of it so that it spells out something, like a REAL word =), or something like that.