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This movie is about using the Underline and Strikethrough options, and we can keep this brief, because basically, don't use them. They look nasty. They're going to slice through the descenders of your type, and there is no way to control the white of that underline or its position from the baseline of the type. If you really can't resist underlining the type, then perhaps you could just manually underline it with the Line tool. That's going to be rather labor intensive, but you would at least get to choose the position of the line relative to the type.
Perhaps you want a retro look, in which case you could use them, but I can't really think of a time when that might be useful. We also have the casing options. So I'm going to select this type, and I can just click on the two big Ts to go to all uppercase, or I can press Command+Shift+K or Ctrl+Shift+K or the Small Caps option. The keyboard shortcut for that is Command+Shift+H or Ctrl+Shift+H. Now, look at this nasty space that happens here between the uppercase Y and the reduced cap O. If you're going to do this, you'll probably need to come in and address this problem with some additional kerning, like so.
Whether or not this happens to that extent is going to vary from font to font. When applying small caps in this way to a non-OpenType Pro font-- this one is not an OpenType Pro font-- what you're doing is you're just reducing the size of the regular capitals to 70% of their actual sizes. So the width of the stems of the letters--and if I zoom in and we look at the width of the stems on the H versus that on the T, we can see that those on the H they're at 70% of what they should be.
So this is not a good idea for this reason as well. It's going to give you fake, as opposed to real, small caps. If you're using an OpenType Pro font, and I'm going to have a movie about working with OpenType, then the small caps is a viable option. So, just to summarize: No underlining unless you absolutely can't bear not to. Strikethrough you my use just for some sort of effect, but Strikethrough really doesn't have a place in Photoshop. That's more an editorial thing.
Two big Ts, or Command+Shift+K for all uppercase, or the big T, small T, or Command+Shift+H for small caps.
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