Metal Text with a Bolt Indent
http://www.designersplayground.com/articles/14/1/Metal-Text-with-a-Bolt-Indent/Page1.html
By Adam Carmichael
Published on 06/3/2005
Ever wondered how to create metal text with a cool indent effect? In this tutorial I will explain how to do this effect.
Metal Text with a Bolt Indent
1 Set your foreground color to #000000, now take the Type Tool 
and type in your text that you want.
2 Go to Layer >> Layer Style >> Gradient Overlay and use these settings. (note: you will need this gradient for this step.)
3 Again go to Layer >> Layer Style >> Bevel and Emboss and use these settings.
4 Put your foreground color as #868686 then take the Air Brush tool
and change the brush to the second smallest. Create a new layer and make little dots where you want the indents to be.
5 Go to Layer >> Layer Style >> Bevel and Emboss and use these settings. There you have a nice looking Metal Text with and bolt indent look to it.
and type in your text that you want.2 Go to Layer >> Layer Style >> Gradient Overlay and use these settings. (note: you will need this gradient for this step.)
3 Again go to Layer >> Layer Style >> Bevel and Emboss and use these settings.
4 Put your foreground color as #868686 then take the Air Brush tool
and change the brush to the second smallest. Create a new layer and make little dots where you want the indents to be.5 Go to Layer >> Layer Style >> Bevel and Emboss and use these settings. There you have a nice looking Metal Text with and bolt indent look to it.