For the Bubbles layer, I used the same Bubbles and HSB Noise settings as the tutorial but I didn't start with an angled gradient.  I wanted more color in the background so I used a selected portion of the tube.  I didn't realize until after I had applied the two filters that I didn't have the uniform, angled geometry of the bubbles layer .  Because of this, the Constellation effect looked terrible ; it was only displayed on a small portion of the background .  So I opted to animate my tag using VM Natural Sparkle (max size=20).  I also added a hint of animation to her eyelid with noise (gaussian, 25).

I don't have the Lokas Aqua filter, so for my text I used an aqua color then applied my favorite glass bevel settings here and Eye Candy 4000 Glass settings here (color=#00C000).  I set the blend mode to Screen to make it transparent.  I have a stroke=1 outline on a layer above the text with the blend mode set to Multiply.  So the text outline is dark and the fill is transparent.  I added a drop shadow (3, 3, 35, 3, black) on a separate layer below the text because it doesn't show if the drop shadow is on the screen layer.

I wanted the text to look like it was waving in the ocean, so I did a search at Dafont and found Structure Wave.  It's an unusual font but it gives me the feeling of water movement, so I went with it .