In this short and quick tutorial I will show you how to stretch your text. So let´s begin.
1. First thing to do is to type in your text and maybe apply some effects to the text layer. I use the site name and with the effects from this tutorial, Double Stroke Text
2. So now when you have your text like you want it, it’s time to rasterize the text layer, to do that just right click on your text layer in the layers palette and choose Rasterize Layer. Then take the Single Column Marquee Tool and click somewhere on your image.
3. Now go to Edit>Free Transform or press Ctrl+T, then draw to the left.
Then repeat step 3 on the right side, and that´s it. This is what I came up with.