\documentclass{ppex}
\nonstopmode
\usepackage {pstall}
\pagestyle{empty}

\begin{document}
\ResetPreambleCommands
\ReadyForTheFray
\usepackage {pstall}
\begin{pspicture}(-5,-3)(5,1.2)
\psset{fillstyle=solid,shadow=true,shadowangle=0}
\DeclareFixedFont{\babyfont}{T1}{zmn}{m}{n}{3cm}
\DeclareFixedFont{\wordfont}{T1}{zmn}{m}{n}{2cm}
\def\Cc#1#2{\pscharpath[fillcolor=#1]{#2}}
\bfseries
\rput(0,0){\babyfont
\Cc{red}B\Cc{green}A\Cc{yellow}B%
\Cc{red}{Y'}\Cc{blue}S}
\rput(0,-2){{\wordfont
\Cc{blue}{WORLD}}}
\end{pspicture}
\end{document}