Actually, I stumbled upon it by myself. It's just enlarged imaged of the background. Then you duplicate the enlarged image and set it to filter>Distort>Wave Then you sit that layer to either vivid light/linear light depending on the sig. The time consuming part is getting the render's colors to look good with the bg.. But that's how you make the BG anyways..looks quite cool.
But, i confund the text with the background XD
8,5/10
P.S. where did u find this new style to make sigs?
Actually, the opacity is lowered, but you were close..8.5/10.....text is blur....