Create a new document any size you like, i used 800x600.
Get your text tool and type out what you like.
Duplicate the layer.
Now change the text colour of the "duplicated layer" to white. Then double click on the bottom layer to open the layer styles. Now go to "Stroke" and change the size to "6" and the colour from red, to black. Then click "ok". It should now look like this.
Now click on the white text layer, and press up(keypad) twice, then press left(keypad) twice aswell. Now should look like this:
Now use free transform and move it around abit.. play around etc. see what you get.
Tutorial by exe.