Create A Fun, Easy Gel Text Effect With Layer Styles
Free Adobe Photoshop Text Effects Tutorials At Photoshop Essentials.com
Step 8: Apply An "Outer Glow" Layer Style
Click directly on the words Outer Glow in the Layer Style menu on the left of the Layer Style dialog box, directly below "Inner Shadow":

Once again, the first thing we're going to do is select a color for our Outer Glow, the same way we've done it for the Drop Shadow and Inner Glow. First, click on the Outer Glow color swatch:

This brings up the Color Picker. Click directly on the text once again to sample the color. Then go back to the Color Picker, but this time, rather than choosing a darker shade of the color, choose a lighter shade:

Click OK to exit out of the Color Picker.
With my color applied, I'm going to change a few of the other Outer Glow options. Again, feel free to experiment here on your own, but if you want to follow along, here's the settings I'm using. First, lower the Opacity value at the top to around 60%. Then, in the "Elements" section in the middle, increase the Spread to around 15% and the Size to about 10 pixels:

Here's my result after making the changes:

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