This was done in Photoshop using Eye Candy 6. If you are using a different host graphics program, then some of the details on how the steps are accomplished may be different, but the basics should be the same.
Download the two custom settings from the links below
After downloading, double click the settings files to import them into Eye Candy. They will appear in your custom settings window in a folder called, "Upgraded Settings".
Type out your text. I used a yellow color for it.
Copy the new text layer.
Run the 202_Island Chrome filter from Eye Candy 6>Text and Selection>Chrome on the bottom text layer.
Select the very top text layer.
Run the 202_Island Glass filter from Eye Candy 6>Text and Selections>Glass