My daughter said this looks like toothpaste, hence the name :)

If you use this effect it works best on a white background, and because of the drop shadow transparent gifs will have jaggy edges.

Create a new image 
   16.7 million colors
   size to suit your needs
   white background

Click foreground color  and enter these values
   Red > 128
   Green > 255
   Blue > 255
   Click OK

Select add text tool 
   floating & antialias checked
   type in your text (large fonts work better)
   Click OK


Click foreground color  and enter these values
   Red > 0
   Green > 255
   Blue > 128
   Click OK

Select the airbrush tool  and use these settings
   size > 5
   shape > round
   opacity > 100
   paper > texture none
   spray in a scribble motion with a hit and miss style


Select image > special > effects > cutout
   fill > unchecked
   interior color > doesn't matter
   shadow > black
   opacity > 180
   blur > 20
   vertical > 1
   horizontal > 1


Select image > special > effects > cutout
   fill > unchecked
   interior color > doesn't matter
   shadow > white
   opacity > 180
   blur > 20
   vertical > -1 (minus 1)
   horizontal > -1 (minus 1)


Select image > special > effects > drop shadow
   color > black
   opacity > 180
   blur > 30
   vertical > 2
   horizontal > 2


Select colors > decrease color depth > 256 colors... (8 bit)
   file > save as: type in a name
   TYPE: GIF - CompuServe

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