Well I've knocked together a quick tutorial for you to do this. I'll just post it here for now, but spose I will submit it as a tutorial later.
Note that I'm hosting the images on my web site and my host is not the fastest, so please bear with any slow downloads.
First create an image, select your font and type in your text. This will create a layer above the default background layer:
Note that I typed in your example, " The Doctor" and as such the layer is the same name as the text typed in. If you change your text it will not change the name of the layer. The font I'm using is called Plok and you can find it
here from dafont by Furdville.
Next create a layer for your red fill (use Shift Control N):
Now you will want to select the Magic Wand Tool, via the left toolbar:
Select the inside of the letter T:
Now do the same for the other letters you wish to be the colour red:
Now you wish to select the Paint Bucket Tool:
And select your colour:
Reselect your Red Fill Layer that you created previously:
And now click on the inside of the selected area. This will fill the colour that you have selected:
Now you will want to perform the above for each colour that you want. When your finished you should have this:
Note that I have also created a white fill. You must fill each character. You now select the font layer again, select the Magic Wand and click on the area outside of the font, this will select the white space outside of your text:
Choose Shift Control I to inverse the selection. You can do this via the select menu as well. This will flip the selection from the outside area to the inside, which is the form of your font:
I forgot about the hole bits in the font so now you wish to select these areas. This can be done by holding down the alt key, which will put a little - symbol next to your cursor. if you select the hole bits for the letter D, O, C and the other O then you will remove those inside bits from your selection, as such:
Under the Select menu is a sub menu called Modify. Under this is the Contract option. Choose this and you will get the following dialog box:
The default is 1, if not set it to 1. This will reduce the selection by 1 pixel. Once you select OK the selection should now look:
Create a new layer called Shadow (leave the font layer selected when you do this so the layer is created above the font, but below all the colour fills you did before). Now choose the Paint Bucket Tool, choose the colour black and perform a fill on the selected area. This will give no noticeable result. However if you turn off some of the colour fill layers you will be able to see the effect. Also if you turn off the font layer you can see the affect as well:
Now reselect the font layer and to make it easier, turn off all the layers above the font. Select the Magic Wand and click on the outside. This time to make it quicker, hold down alt and select the middle bits as well. You should get the following:
Once again select the inverse:
This time instead of contracting, we're going to expand. This is so we can create the yellow border. The Expand option is in the same place as the Contract, under the Select menu and Modify sub menu. When you select the menu option you will get the Expand Selection dialog box, we want the expansion to be 2 pixels:
This will result in the following once you click Ok:
As you can see the area has been expanded both outside the font and inside as well. Create a new layer and call it Yellow Border:
Select the Paint Bucket Tool, choose the yellow colour from the pallet and paint inside the selected area. This will result in the following:
Now if you turn on all the other layers again, you will see it looks like we're almost there:
Select the fx button which will display the fx menu at the bottom of the layer panel and choose the bottom option, stroke.
This is the default options that you will be presented with:
We don't want those options, we want want to choose the colour black and make the size 2 pixels:
Now we have the font done:
Only other thing to do is reselect the fx menu, choose the Drop Shadow option:
You will get the following options by default:
Tweak them a bit by changing the contour and selecting a larger size (in my case I liked 8 pixels):
And now you have the finished product:
Hope that helps mate. I never tried to write a tut before, but it's been fun