Firstly we need to create a new file (File>New) of 1280x1024 px and 72 dpi. Using the Paint Bucket Tool (G) fill the new file with black color.
[You must be registered and logged in to see this image.]
Select the main menu and the selection from here - Filter>Render>Lens Flare, setting the parameters demonstrated next table:
[You must be registered and logged in to see this image.]
We need to get a kind of luminescence, shown below:
[You must be registered and logged in to see this image.]
Find the filters' gallery (Filter>Filter Gallery) choosing the chrome with the next shown parameters:
[You must be registered and logged in to see this image.]
Next select Filter>Distort>Wave and press the button demonstrated below:
[You must be registered and logged in to see this image.]
We'll get a kind of amphora shape, like the one from the next picture:
[You must be registered and logged in to see this image.]
Press then the combination of buttons Ctrl+U to insert the appropriate color
[You must be registered and logged in to see this image.]
We'll get the next picture on this stage:
[You must be registered and logged in to see this image.]
Make a copy of the layer Ctrl+J and then provide the operation with the Wave filter, pressing Randomize button.
[You must be registered and logged in to see this image.]
Set the Blending mode-Screen for this layer:
[You must be registered and logged in to see this image.]
Make a copy of the new layer we've got, providing again the same operation. Finally we need to get about 4-5 copies.
[You must be registered and logged in to see this image.]
Using the Free Transform option, try to enlarge the new swirl, marking out all the layers.
[You must be registered and logged in to see this image.]
Create a new layer and fill it with black color. Select after that Filter>Render>Lens Flare and set the next demonstrated parameters:
[You must be registered and logged in to see this image.]
We need to get the next picture:
[You must be registered and logged in to see this image.]
Select again the Free Transform option to narrow a little the picture by its horizontal line. Place also the black layer as for the new result to be visible
[You must be registered and logged in to see this image.]
Make a copy of this layer and turn it over the same way demonstrated below:
[You must be registered and logged in to see this image.]
Set the next Blending Mode-Lighten:
[You must be registered and logged in to see this image.]
The layers will be put together the same way you may see next picture:
[You must be registered and logged in to see this image.]
Make a copy of the last layer we've got and turn it around to get the star, demonstrated next image:
[You must be registered and logged in to see this image.]
Mark out all the layers composing the star and put them together into a single one (Ctrl+E). Set then the next demonstrated Blending Mode - Screen. Move off after that the black layer, placing the star on the central part of the picture.
[You must be registered and logged in to see this image.]