Burning Text Effect

Step 1: "Ctrl+N" create a new file.

Step 2: "Ctrl+Shift+N" Create a new layer and fill in black.

Step 3: Press "T", use the horizontal type tool type words.

Step 4: Ctrl+T, then rotate the words 90 degree as following picture.

Step 5: Layer-Rasterize-type.

Step 6: Filter-Stylize-Wind.

Set as follow:

Step 7: Press "Ctrl+F" two times to repeat this filter.

Step 8: Filter-Distort-Ripple.

Set as follow:

Step 9: Press Ctrl+T, rotate back the "burning" layer.

Step 10: Click the button in the red box, and open then the Hue/Saturation window.

Set as follow:

Step 11: Press "Ctrl+J" to duplicate the adjustment layer, and then change the layer style to Color Dodge.

Step 12: Filter-Blur-Gaussian Blur. Set the Radius 0.7.

Step 13: Go to the "BURNING" layer, Press "Ctrl+J" duplicate this layer.

Step 14: Click the button in the red box, add a musk to the "BUNING copy" layer.

Step 15: Use the Gradient tool draw black to white on the mask from up to the bottom.

Looks like the picture below.

Step 16: Open the animation menu.

Step 17: Set the current frame as follow.

Step 18: Click the "duplicate selected frames" button two times.

Step 19: Set 3 frames as following. (Set indicates layer visibility only)

Frame 1:

Frame 2:

Frame 3:

Step 20: Shift select Frame1 and Frame2, click on the button in the red box.

Set as follow.

Step 21: Shift select frame3 and frame4, do the same thing as Step 20.

Step 22: Press Ctrl and then select the last frame and the first Frame, do the same action as Step 20.

Result:

Step 23: Save the file in GIF.

Done!