Oooooohhh!
I didn't realize you meant the effect in that image. I thought you were just recognizing that member's work.

I apologize.
There probably IS a filter that will do that quickly, but I couldn't say offhand which one. I would start looking in the Bevels section. But you could also do it without a filter, and definitely have more control. In other words, it would be more flexible if you didn't use the filter.
-- Type the text
-- Duplicate twice
-- Make the one on the bottom a light color (white in the sample image), then move it down slightly, and possibly to the side
-- Make the middle one a medium color like gray for a shadow, then move it up slightly, and possibly a little to the other side (from where you moved the light color)
That will make it look like the one in the sample. Since it's so small, it's hard to say for sure, but I think they didn't make any side movements. Anyway, that will make it look like the light is coming from above. If you moved the light one up and the gray/shadow one down, it will make it look like the light's coming from below. The distance that you move them will determine how "deep" the cutout looks.
Actually, I'm not sure if they used a 2nd duplicates. If there's a 3rd color in there, it's hard to see. They may have just used 2.
Sorry for the confusion
