Insert WordArt into Word

On the Insert tab, select WordArt.
Choose the style you like, and then enter your text.

Tip: To convert existing text to WordArt, select the text, and then select Insert > WordArt.

Change the color

Select the WordArt.
On the Format tab, select Text Fill and Text Outline.

Choose a text effect

Select the WordArt.
On the Format tab, select Text Effects.

Rotate it

Select the WordArt.
Select the rotation handle and drag it.

Source: Microsoft