Warping allows you to distort type to conform to a variety of shapes; for example, you can warp type in the shape of an arc or a wave. Warping applies to all characters in a text layer—you cannot warp individual characters. Also, you can’t warp faux bold text.
Select a type tool, and click the Warp
button in
the options bar.
Choose Layer > Type > Warp Text.
Bend to specify the amount of warp.
Horizontal Distortion and Vertical Distortion to apply perspective to the warp.