Step 1:
Open a new document
Size 500 x 500 pixels ( or you can use your own settings )
Background color : Black
Step 2:
Go to Filter > Render > Lens Flare and use the following settings:
Step 3:
Then go one more time to Filter > Render > Lens Flare and use the following settings:
This should be your result:
Step 4:
Now go to Filter > Artistic > Plastic Wrap and use the following settings:
This should be your result:
Step 5:
Go to Filter > Distort > ZigZag and use the following settings:
This should be your result:
Step 5:
Now you have to duplicate the layer ( press CTRL+J )
Then you have to change the blending mode to Linear Light
And this should be your final result:

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