Warp Text
The Warp Text feature 
allows you to add deformation effects to the selected text layer.
Warp Text Effect
Parameters:
Warp Text Options
In the drop-down list, select the type of text warping: Arc, Arch, Flag, Fish, etc.
Direction. Changes the orientation of the warp - Horizontal or Vertical.
Bend (-100..100). Determines the degree of deformation.
Horizontal Distortion (-100..100). Changes the horizontal perspective.
Vertical Distortion (-100..100). Changes the vertical perspective.
Click the Default button to reset the settings to their original values.