It's not as neat as the stroke function in Flash but this one works surprisingly well for small stroke widths.

1) Make a new layer (let's call it 'Fuuuuu' for now) and place it under the target text layer (called 'Hardgay').
2) With Fuuuuu highlighted, select the target text layer (Ctrl+click in the Layers box).
3) Go to Edit>Stroke. Choose 1 px, Outside.
4) Select Fuuuuu by Ctrl+clicking it in the Layers box.
5) Repeat 3 and 4 until you reach the desired stroke width
6) Duplicate Fuuuuu until you get a good, solid stroke around Hardgay.
7) Serve hot.

Maybe I'll post an illustrated tutorial...
Or maybe not.


P.S.: Oi, checkout my new wallie!