Creating the Reflection
Time to get down to brass tacks. Go ahead and open Photoshop, and create a new document. For this tutorial, I'm going to go ahead and make it 900 pixels wide by 600 pixels tall.
Now, fill your canvas with whatever color you'd like. I'm going to do an aquatic-blue (#4EB2EC), because it just seems fitting, doesn't it?
Now, to create a little more visual interest for the project, I'm going to add a texture to the background. I do this by simply grabbing a fantastic free texture from somewhere like deviantART and dragging it onto my document like so:
Name this layer "Texture Top"
Duplicate your texture layer again, because we have to make sure this part is reflected as well, of course! Make sure to name this layer "Texture Reflect."
Now grab your rectangular marquee tool and select the top half of the texture as I've done:
Press CTRL+T (Mac user? Press CMD+T!), which brings up the free transform box:
Now, grab the little crosshair in the center and pull it to the bottom center square. Be sure to check out this image to see what I mean:
Now right click and select "Flip Verticle"
You'll now have a reflected lower half of the texture that should look similar to this:
Now go back to the layer named "Texture Top" and delete the lower half under the "Texture Reflect" layer.
Set both texture layer modes to "Overlay" or "Soft Light", whichever happens to give a nice subtle effect.
Now, create your text on the top half of the canvas. This can say whatever you want, but I'm going to go with the obvious "REFLECT" - feel free to use whatever font you'd like, but I personally think that nice sans-serif fonts look the best. Now, I'm just going to use the text as-is, but you could always create a 3D text for this project to give it a huge boost to it's visual interest! I'm going to use the font color in white, just because it stands out nicely from the background.
Following the same steps as before, duplicate your text layer and name it "Text Reflect."
Select the top half of the canvas as you did before, and press CTRL+T. Following the same steps, create the reflected image of your text by flipping it vertically. When finished, press enter.
Now, save your current work as "Reflective Text".