First I will show you the easiest way in Photoshop to create even, concentric circles and after we will ad an inverted text to make it look hypnotic in a groovy kind of a way.
The video you are about to witness is a live camera recording of a live projection-mapping performance. Meaning, no special effects or CGI were used in this video, amazing.
If you are a Skype user, it maybe disruptive for you that the program is shown in taskbar, although you don't need it at the moment. I will show you how to remove it from the taskbar.