
Open a new image 
width & height to suit your needs
background color > white
image type > 16.7 million colors (24 bit)
For this effect foreground and background colors do not matter. 
Open an image to use as a pattern 
I used this one:
right click and select save as to save this image
Select the fill tool
using these settings

Click the Options button and select the image you opened.
Select the text tool 
make sure you have the cursor in the center of your new image
uncheck the floating box and enter your text
DO NOT DESELECT TEXT
Select : colors > adjust > brightness/contrast
brightness > -25 (that's minus 25)
contrast > 0

Select : image > special effects > add drop shadow
color > white
opacity > 255
blur > 0
vertical > 1
horizontal > 1

Select : image > special effects > cutout
fill interior color > unchecked
interior color > doesn't matter if previous option is unchecked
shadow color > black
opacity > 200
blur > 0
vertical > 2
horizontal > 2

Deselect text and admire your handiwork !
NOTE: select : colors > decrease color depth > 256 colors... (8 bit)
File > save as: type in a name
TYPE: GIF - CompuServe
Now it's ready for your webpage
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