Full Icon Tutorial

Howdy. This is my first post here, so I thought I'd introduce myself with a tutorial. Today, I'm teaching you how to make the icon below. It's fairly easy- a couple layers, some brushes, some text. Nothing too huge. But there are a lot of pictures. So, it may load slow. Now, you ready for probably the worst fake cut ever... dun dun dun!

(Get out your school books, because you're about to get schooled.)