Create new document.



Set foreground & background colors as in image.



Create new layer and apply clouds filter to this layer (Filter > Render > Clouds).



Apply photocopy filter to same layer (Filer > Sketch > Photocopy) using these settings.

  

Apply Smudge Stick filter to same layer (Filter > Artistic > Smudge Stick) using these settings.

  

Now Add Noise filter to same layer (Filter > Noise > Add Noise) using these settings.

  

Apply Motion Blur filter to same layer (Filter > Blur > Motion Blur) using these settings.

   

Now write a text ¡°T¡±.

Layer arrangement



Create ¡°Clipping Mask¡± Press ¡°Alt¡± key and click middle of both layers. Or right click on top layer and choose ¡°Create Clipping Mask¡±.



Create New Layer under the text layer.

Select the ¡°Brush Tool¡± and press ¡°F5¡± choose ¡°Brush Preset¡± as in image. In Brush Presets click on ¡°Color Dynamics¡± set as in image.Create hair around the text using brush with small diameter on layer 2.



Final Output.