I never knew it but LiveType is quite easy to use. Everything I'm about to show you, I completely worked out for myself within about an hour or so. It's quite short but that's because I take my time when it comes to picking things like font and colours.

First i picked a background texture (not the one pictured), then typed the text i wanted in the text box.

then added effects to the text, and added objects (the splatter).

Below is what all the features of the video look like on the timeline.

This is the finished video: