Text - Adobe Photoshop Elements 11 for Photographers - page 320

Applying a text style with no type layer selected will automatically
create a new type layer and input some placeholder text in the style
of your choosing.

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If you have not yet created the text layer then there is no
need to add it first before selecting the style. Just double-
click on the thumbnail style or drag the thumbnail to
your document. Either of these actions will automatically
create a new text layer in your document and input some
placeholder text, 'Your Text Here', with the style applied.

From this point on it is a simple matter to replace this
generic text with your own. Just double-click on the text
with the Move tool; Elements will then switch tools to the
Type tool and select all of the placeholder text. Now type
in the new text to complete the replacement. Alterna-
tively, you can click on the text and then choose Edit Text
from the Move tool's right-click menu.