Transparent Text Help?

I really would like to get a transparent text effect but for the life of me can't figure out how. I have access to PS6 and PSP8 so advice for either tool would be welcome. I'm looking for the inside of the text to be transparent while the outside has a stroke or outer glow to it if you know what i mean.

I've read this tutorial here but I still can't get it to work.

Can anybody maybe make it a little more clear than what's written there? I'd appreciate it so much.