Guys, please tell me. How do I create the effect of such stripes and white glow around the edges on

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[ShiveringCactus · Accepted solution]

For the stripes, I'd probably use the Venetian Blinds effect.  Either on a separate layer, using the text as its track matte, or the effect's composition options to reduce its influence.

For the white glow, you can add a layer style from the Layer menu.  If you're curious about layer styles and combining them, TextureLabs has some great tutorials, like this one: https://texturelabs.org/tutorials/movie-trailer-gfx-in-after-effects/