This is one Photoshop vector layer. Yep, including the background and text. Not the prettiest thing, but I was just experimenting with some 1 layer techniques.

If you’d like to see how it was done, please download the PSD via the attachment above.

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If you’d like to rebound, here’s some 1 layer rules:
1. No bitmap layers.
2. No bitmap masks.
3. Pattern fills are ok, but don’t cheat by sticking an entire image in there.
4. You can use a background solid layer, if you have to.
5. I didn't use CS6’s path strokes, but they’re fair game.

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