1. Start off with any size you want. I went with 640x480 but ended up cropping it a bit because I didn't like the look of it for my test image. In the middle of your area, use the gradient tool and do a radial gradient using #3F4585 for your forground color and #151945 for your background color.

2. Create a new layer (Background Layer) and select the newly created layer by clicking on it. Now go to your shapes pallet by selecting the Custom Shape Tool.

3. Select the starburst shape from your toolbar menu. It's hard to spot at first so I've highlighted it below. If you don't see it, click on the little arrow circle to expand the options and select 'All'. If something pops up asking you if you're sure you want to replace stuff, just hit OK. Now you should see what I see below.

4. Make sure you're in the new background layer you created above. Stretch your starburst shape till it completely covers the work space. Go a little bit over your area so you don't have any round edges since the shape is a circle. Look how I've stretched it far beyond my work space. This is going to give you the best boredless effect.

5. Go back to your layer properties and set the layer to overlay, and then slide the layer's opacity down to 15%.

6. Now select your original layer below the new one and choose a soft brush. I used Soft Machine 500 (default brush) set to 349 pixels and used #101854 for my color. Line up the center of your "brush hole" with the center of the starburst and give it a quick click to spot the area and soften the middle of your image.

7. Now for your text! Any heavy block font (bold) will do great. The bigger and chunkier the better. Thin fonts, handwritting fonts, etc. aren't going to turn out as well. Even your default fonts like Arial Bold and Impact might not turn out all that great. Play around with your fonts till you find the perfect one. After you apply all the effects, you're probably going to want to play around with the font again to find the final font for the job.

Rather than bore you with explaining all the different filtering options, I'm going to show you the three I have set to provide my text effect shown in the example. Feel free to play around with different colors and gradients for your text because you can come up with the other neat looks that might look great if you change your original colors (in the first steps) from blue to something different. Retro looks are easy to come up with using this tutorial if you choose to go with oranges and reds... Not sure how to get the colors I used? Open these screenshots in Photoshop and use your color picker tool to find out what colors I went with! Be creative and try your own first, you might be surprised.

The final product looks like this: