Help Please!

Need the gurus to help me Please!

I want use this font http://img.dafont.com/download/?os=win&file=party_by_tom and put a pictures inside it. I can do it with solid fonts but can't make this work. Any kind of tip would be appreciated.

Font looks like http://www.imagehosting.com/out.php/i979081_PartyFont.jpg (http://www.imagehosting.com)

To get a better understanding of what i just said above.. I have made this to show you what exactly i want to do with the font above.
http://www.imagehosting.com/out.php/i979109_omar.jpg



Download Font:
http://img.dafont.com/download/?os=win&file=party_by_tom

If you want to get an effect like this:
48764
You probably would have to edit the font with a font editor,
otherwise use a magic wand tool.

Overlay the font over the pic, set to multiply and mask out/erase what is not needed.

Add material to be added in a new layer, Use the magic wand tool, hold down the shift key after the first selection to add new selections, pick all of the areas to be filled. Click add layer mask. Merge visible, and you are done. This took me about 60 seconds.

Thanks guys.. Cool tips.. Worked for me...

Thanks again..