How can a create a graphic with text fonts that overlap?

[shiphen3]

Hi

How can a create a graphic with text fonts that overlap?
e.g. see the attached.

i.e. In the word "Spa" notice how the bottom of the "P" curls back underneath
the "S". Is this something normal fonts can do?
And if so do any of you have any idea what font they are using?


Ship
Shiperton Henethe