Photoshop Text Effects: Worn And Torn Text
Learn Photoshop with Free Photoshop Text Effects at Photoshop Essentials.com
Step 8: Make A Jagged Selection Through The Second Letter, Then Select The Rest Of The Word
With the Polygonal Lasso tool still selected, make another jagged selection, this time through the second letter, then include the rest of the word to the right of the jagged line in your selection:

Step 9: Cut The Selection Onto A New Layer
With your selection created, press Ctrl+Shift+J (Win) / Command+Shift+J (Mac) to cut the selection onto a new layer:

Step 10: Rotate The Letters Using The Free Transform Command
We're going to rotate the contents on the new layer once again, so press Ctrl+T (Win) / Command+T (Mac) to bring up the Free Transform box and handles. This time, drag the center target icon down into the bottom left corner so we can rotate the letters from the bottom left:

Then move your mouse anywhere outside of the Free Transform box and click and drag either down or to the right to rotate the letters clockwise, creating a tear through the second letter:

Press Enter (Win) / Return (Mac) to accept the transformation. Here's my text after tearing the second letter:

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