"Banana style text effect. Free PSD file."

 

• Apply Inner Shadow effect to created layer, adjust Fill = 50%.

• Create a new layer and draw small brown spots on the "banana" letters.

• You may use different small brushes or one brush with following settings:

• Create white text layer again and move it little bit down and left like on the example below.

• First, load selection for original "banana" layer(ctrl+click original text layer thumbnail), then cut out white shape selection(ctrl+alt+click white layer thumbnail). You should get similar selected area, fill it with any color in a new layer. You may delete white shape from previous step.