We're going to be applying several filters to our text, but Photoshop doesn't allow us to do that without first rasterizing it, which simply means to convert it into pixels. So again with the text layer selected, go up to the Layer menu at the top of the screen, choose Rasterize, and then choose Type. This will convert our text into pixels. It will still look the same in the document window, but in the Layers palette, the Type layer will now be a regular layer: