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The Outline effect has many uses. The effect itself is very helpful for graphics where it could be used to draw attention to something or create a folder. It's helpful to fill text with a photograph as it creates a cool effect that could be used to advertise a product. For example, the text could be filled with pictures of the product being sold.

Even More Effects

Embossing

Oil Effect

Quicksilver

Heated Metal

Outline

An Alternative Outline

Techno Dots and Cutout

Techno Dots

Cutout

More Text Effects

Runny Blood Text

3D Runny Text

X-Files Text

Aliens Text

Glass Text

Neon Text

Runny Text

This is a Runny Text effect. It reminds me somewhat of "Redrum" from The Shining.

This is a 3D variant

Text Effects

Here are many, many text effects.

Raised Marble

Gold With Reflection

Gun Label Text

An Alternate Smoother Gun Label Text

A 50's Style Chrome

Self Explanatory

Four Way Fire

Ice

Slime, Remind Me Of Goosebumps

Not a text effect, but accomplished in the same way as the fire text effects. Really just wanted to burn Boehner in his money.