Adobe Photoshop - Punched text

<body> <h1><a rel="nofollow" href="http://www.adobetutorialz.com/articles/74/1/Punched-text" >Punched text</a></h1> <p>How to create punched text.</p> <p><a href="http://www.tutcity.com/">More Tutorials</a></p> </body>