\documentclass{ppex}
\nonstopmode
\usepackage {pstcol,pst-char}
\pagestyle{empty}

\begin{document}
\ResetPreambleCommands
\ReadyForTheFray
\usepackage {pstcol,pst-char}
\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}
 \newcommand{\Cc}[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}