Ok, before you start...
Go to Deviantart and search 'shape brushes' and pick out some nice shape brushes and load them.
1. Open a document about 350x120, or whatever size best suits you
2. Duplicate the background layer, and fill it with black, then add two lens flairs:

4. Smudge the lens flair with a softish round brush, with opacity set to around 40 - 60:

5. Now take out your shape brush, and click anywhere, randomly, best to use the brush as white.
6. layer > new > layer and fill with black... then add a lenflare anywhere and set the layer to softlight:

7. then add the render of your choice anywhere on the sig, where you feel it looks best.
8. layer > new > layer then edit > apply image then put ur forground colour to purple, and background to a lightish blue then image > adjustment > gradient map and set this layer to overlay and play with its opacity:

9. Follow step 8 again except use two colours from your original render this timeand set the opacity to about 75%.
10. on the top layer, go to filter > blur > guassian blur and set to 3.0 and fade it by going to edit > fade blur.

11. Add text and a border and what not else you'd like on it add to its impact.
My outcome:

(just added more brushing on previous layers, added a border, and a gradient map on a new render layer with low opacity)
Hope you like this sig, and some people use it.
Post outcomes here please.