The GIF kinda gives me the "trying to hard" feel. Though I guess the text fits WWE's NYR text, I don't like it. The blending on HBK makes him look like he has some rare skin disease. The blending on everyone else is inconsistent. Jericho is blurry. I like the background (Premade?).
Overall, I guess it isn't terrible. But, try to improve the things I said.
You make a new image, 1x2, or 2x1, and make it transperent. Then you zoom it as much as possible, use the pencil tool, and use whatever color you want the lines to be. Then you go Edit>Define Patter. After that you select the layer on your image you want the lines on, you go Layer options in the layer pallet, it is the little black circle, that looks like it has an F on it. You go to pattern overlay, and you select the image you made with the pencil tool. Done.