Well let's ripple it a little bit more.

So I used Plastic Wrap filter to create more realistic water surface. Result:



Now let's make some objects, on a new layer of course.

I've used my custom Objects like there ones:



The idea is to create something like magic trails.

More over I've played with object positions and have merged it creating one Non Vector layer.



I've also used some layer styles for this as well.
Color Mode ? Lighten: