This is a layer style that is ideal for adding a psychedelic effect to an object.

Start off with a vector graphic. (If you use more than one, make sure you combine them to the same layer, or add in the layer styles to both of the layers).

Add in the follow properties to your layer style:

* Note: The color code for SATIN is: #32B600 and for the COVER OVERLAY is: #4800FF

Final Image: