Warp Your Type in Photoshop Elements 10
If horizontal or vertical text is just way too regimented for you, try the Photoshop Elements 10 Warp feature. The best part about the distortions you apply is that the text remains fully editable. This feature is fun and easy to use.
Click the Create Warped Text button at the far-right end of the Options bar. (It’s the T with a curved line below it.) This action opens the Warp Text dialog box, where you find a vast array of distortions on the Style pop-up menu with descriptive names such as Bulge, Inflate, and Squeeze.
After selecting a warp style, you can adjust the orientation, amount of bend, and degree of distortion by dragging the sliders. The Bend setting affects the amount of warp, and the Horizontal and Vertical Distortions apply perspective to that warp.
Luckily, you can also view the results while you adjust. The best way to see what they do is to just play with them. See the following image to get a quick look at a few of the warp styles. The names speak for themselves.
You can also use the Transform command, such as scale and skew, to manipulate text.