Reflected type-
1. Create black type on a white or transparent background. then rasterize that type.

2. Hold down the control key and click on the name of the layer containing the text in the Layers Palette. The action will select the text without having to use any of the selections tools.

3. To leave a bit of a border at the top (for depth), contract the selection by using the Select Modify Contract submenu option.

4. To create a jagged sky, hold down the Alt key and, with the Lasso tool, deslect portions of the text that you want to remain the original color. With any of the selection tools, Shift adds to the selection, Option takes away.

5. Fill the selected area with another color. To fill with the Foreground color, hold down the Option key and hit the Delete key.

6. While a good review of various methods of selecting and deselecting areas, there's not much depth. To add that depth, select Bevel and Emboss on the Layer Style dialog box.

7.There are a thousand ways to make type look as though it is reflecting something. This one is simple, short and emphasizes important skills in Photoshop usage.