Using Path Selection tool (A), select the path, duplicate it (Ctl-C, Ctrl-V), move new path a bit to top-right, scale up (Ctrl-T) and click Substract button (2nd fo the 4 buttons on top bar)
 
Diving - making of - Step 50
Then, as always, set blend mode to Overlay, and opacity to 40-60%. The water drop is ready!
 
Diving - making of - Step 51
Make as many water drops and you like!
 
Diving - making of - Step 52
The very last touch is to make reflection of falling spider in the water drop. Make all layers invisible, except the layers belonging to falling spider. Select bottom half of it, copy merged (Ctrl-Shift-C).
 
Diving - making of - Step 53
Create new document (square), paste (Ctrl-V) and Flip Vertically (from Edit menu - Transform)
 
Diving - making of - Step 54
Go
to Filters menu - Distort - Spherize, and apply the filter. Adjust % to your liking (60-70 may be enough).
 
Diving - making of - Step 55
Switch to Eraser (E), select large soft brush, and remove bottom part of image.
 
Diving - making of - Step 56
Now, select all (Ctrl-A), copy (Ctrl-C), close document, paste into our artwork document, and set blend mode to Overlay!
 
Diving - making of - Step 57
That's all!
 
Diving - making of - Step 58

You can view original wallpaper here:  Diving Wallpaper (1024x768px)

Thanks! I hope you found it useful.

Author: Vlad Gerasimov
URL:    http://www.vladstudio.com