1. Create a new 165×165 pixel document and name it Scanline Text. Now press D fill the document (with Black). Create a new layer, then, create a horizontal type mask, press X and then fill (with white). Then apply a drop shadow with THESE SETTINGS.

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2. Then apply an inner shadow with THESE SETTINGS. Then apply a bevel and emboss with THESE SETTINGS.

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3. Yes, more blending options. Apply a satin with THESE SETTINGS. Then apply a pattern overlay with THESE SETTINGS. Now the pattern you select is one pixel black, one pixel transparent. You can download the pattern here. Then [1.click on the down arrow, 2. then to the right of the popup window where there is a circle with an arrow, click that, 3. then ‘Load Patterns’.] If none of that made sense, thats good. those numbers correspond to THIS PICTURE to help you on your way.

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4. Lastly, apply a stroke with THESE SETTINGS. That gives the text the outline it needed. Now you should have come cool looking text. If you want it on a black background, just change the drop shadow to white, and the blending mode to normal.