This subject has cropped up before, but here's a new (to me) twist on how to achieve this effect.
The font I chose was Austral Slab {LINK}, but you can use whatever font you want.
1. Type some letters.
2. Copy and paste them on top and slightly offset them from the original. (See Fig.1) Save a copy of what you have done so far.
3. Select both sets of letters and Ctrl+4 to slice them. Save only the thin pieces and discard the rest.
4. Now select the copy you saved and slightly offset them so that they are positioned like the bottom text in Fig.1
5. Select both sets of these letters and Ctrl+4 to slice them. Save only the thin pieces and discard the rest. (See Fig.2)
6. Colour one set of thin pieces to Black and the other to White and align them as in Fig.3 and group them.
I clipped a noise texture into a rectangle and placed my text effect on top of that (Fig.4).
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