Wrapping Text/Shapes

[kds]

This will teach you how to wrap text, pictures, and shapes.
First, select what you want the object wrapped around. I chose a sphere I made.

Then, create a text layer with text, and make the font big enough so if fits just inside the sphere.

Then, right click on the text layer and duplicate it.

Then, with the original text layer selected, go to Edit > Transform > Warp
Once in Warp, select the type and click "Arch"

Since this is the top text layer, give it a negative bend. I gave it -30, because that's what looked best with this object.

Then position it behind the sphere layer.

Then, warp the second text layer, the one behind the sphere, only this time, give it a positive warp. Since my other text layer was -30, I gave this one a +30. I then changed my font color to black for easier reading.

Then, adjust the opacity of the sphere, simple by adjusting the bar highlighted in the next image.

You might have to change font size, and move the text layers around a bit. here's my finished product.