Tutorial by Design Reviver
- Create a new layer and fill it with black
- Create a new layer and fill it with white
- Filter > Render > Lighting Effects - Dark color
- Create a new layer and set it to Screen
- Make a circular selection with Marquee Tool
- Select > Modify > Feather - Feather Radius: 20px
- Fill the selection with Radial Gradient Tool
- Duplicate the layer and hide the original
- Transform the layer and make it flat
- Filter > Distort > Wave - Number of Generators: 3, Wavelength: Min. 50 Max. 300, Amplitude: Min. 30 Max. 100, Scale: 100%
- Filter > Distort > Twirl