I need some photoshop help...

[makenzie71]

Trying to put together a logo and I'm about as skilled wtih photoshop as a rock.  Basically the instructions I have are as follows:

"I want "love" to be black or navy in a block graffiti style in all capitals with a heart as the O (a block heart not just a plain a heart like it would have an inside and outside).  Dream I want to be in block letters all caps D - red R - orange E - yellow A - green M - blue and the . after purple.  with rainbow coming off of those letters and going over to a cloud which will have create. inside in lowercase cursive letters

Want periods after each like LOVE. DREAM. create."

Interpretations of the instructions are somewhat loose...I just can't get anything to look decent.