Start by creating a rectangle using rectangular shape tool.
Enable add to shape area from the top bar. Create an ellipse using elliptical shape tool.
Create a rectangle on the top using rectangular shape tool. Press Ctrl+T. Right Click and select Warp. Adjust the nodes to get the shape as shown.
Double click the layer to open layer style window. Apply settings as shown.
Create an ellipse using elliptical shape tool.
Double click the layer to open layer style window. Apply settings as shown.
Ctrl+Click the layer thumbnail to get the selection. Apply a gray to transparent gradient.
Create an ellipse using elliptical shape tool. Enable intersect shape areas from the top bar. Create another ellipse using elliptical shape tool.
Double click the layer to open layer style window. Apply settings as shown.
Ctrl+Click to get the selection. Contract the selection by 1 pixels. Create a new layer. Apply Black to white gradient. Change layer mode to screen for this layer.
Ctrl+Click the soda can layer thumbnail to get the selection. Create a new layer. Apply Black to white to black gradient. Change layer mode to screen and opacity to 50% for this layer.
Create a dull white sheen right below the elliptical lid on top using a soft brush with reduced opacity.
Create a rounded rectangle using rounded rectangle shape tool. Press Ctrl+T. Right Click and select Perspective. Adjust the nodes to get the shape as shown. Enable “subtract from shape area” at the top bar. Create a circle using elliptical shape tool to create a hole in it.
Press Ctrl+T. Right Click and select distort. Adjust the nodes to give it a 3D perspective look.
Double click the layer to open layer style window. Apply settings as shown.
Press and hold Alt key and keep pressing down arrow key to create 3D extrusion. Select and merge all duplicate layers. Fill it with a darker shade of gray. Move the original layer above all the layers in layer order in layer palette.
Either type text over it or use a label graphic.
Press Ctrl+T. Right Click and select Warp. Adjust the nodes to get the shape as shown.
Move this layer right above the soda can layer in layer order in layer palette.
