re: Need help editing picture

You're using 7.0, right? When you are on the text tool, look at your top menu bar - there should be a "curve text" set of options. Get it as close as you can... Afterwards, you can rasterize it and maybe tweak it with some of the skew/distort free transform options.

CS2 and up it's a lot easier... rasterize the layer and use "warp" under free transform....

(I'm pretty sure... I uninstalled everything before CS2, so I don't remember exactly....)

EDIT: FWIW - making something curve, while keeping perspective is one of the hardest things I think there is - text is not subjective, everyone knows what it "should" look like. If you can nail down this skill - it's a big one.....