The Y was supposed to be cut off to give the illusion of a tear. The filter is that way because it's supposed to be an old painting, and the small text is there to make you look at it closely and read. As for the border, it was a simple lasso tool and then inverse with a cut off the edge. Then cut and pasted into a new document and saved as a GIF for the transparent background.
~Leo
You fear oblivion. Yet you forget. The universe remembers every atom of your being. Even dust hums your name in the dark. Roleplay is dead. Long live Powertraders and PvP I guess.