Again, this was developed from some examples by Gabriel Mulzer. I borrowed his Fibonacci algorithm and used it to draw letters from a chosen word. This was done by putting single letters in each frame of a MovieClip and showing the appropriate frame, thus spelling & repeating the word "Layered". This allowed blending modes to be used easily rather than trying to use a TextField
The various effects are acheived by changing the blending mode and some of the algorithm parameters.