Reflection
This tutorial will show you how to make text that looks like it's being reflected upside down. It looks best with white against a black background, but you can try it with other colors as well :P
Step 1
Open a new image in PSP with a black background. Click on the text tool
or press T on your keyboard. Make a new layer (Layers > New Raster Layer). Make sure your color is set to white, and add your text near the top of the image.

Step 2
Press Ctrl+C to copy the layer and Ctrl+L to paste it as a new layer. Go to Image > Flip to flip it upside down.

Step 3
Click on the selection tool
. Use these settings:

You might want to use a larger feather amount if you're using a bigger font size.
Step 4
Draw a rectangle over the lower part of the text you just flipped. Press Delete, and the bottom part should be deleted. If you delete too much, undo and try making a smaller rectangle.

Step 5
Press F8 or go to View > Palettes > Layers and lower the opacity of the text. I changed mine to 50.

Step 6
Merge all the layers (Layers > Merge > Merge All) and you should get something like this:

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