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Import the alien.psd we made in part 1 into After Effects as a composition.  Double click on the alien comp and it will open up a new timeline with all of the Photoshop layers visible.

Go to Composition>Composition Settings and make the duration of the comp 5 seconds. In the timeline select the two text layers and hit A on your keyboard to expose the anchor property. Adjust the values so the anchor point is at the bottom of the text, then you’ll have to re-position the text back to the middle and move it just below center. To prevent the text layer from jiggling all the way down, we’ll split the layer in two and add the expression at the split (time of impact when the text drops).  Move the timeline indicator to 0;00;00;08 , Lock Layer 1 and select the two text layers then to go edit>split layer.

Click for closeup:

Select the two splits and type S to bring up the scale property. On the first text layer (split you just made), alt +click the stopwatch icon of the scale property to open the expression window.

Click for closeup:

Copy and paste this expression into the window:

maxDev = 20; // max deviatio0n in pixels
spd = 10;  //speed of oscillation
decay = 2; //how fast it slows down

t = time - inPoint;
x = scale[0] + maxDev*Math.sin(spd*t)/Math.exp(decay*t);
y = scale[0]*scale[1]/x;
[x,y]

Do this for the other split also.

Click for closeup:

Next, in the timeline, select the 2nd and 4th text layer ( the original 2 layers before the split) and type P on you keyboard to open the position properties.  Click the stopwatch icon to set a keyframe at the current time (0;00;00;08). Then hit the home key to move the time indicator to the beginning. Move the top text layer (alien text) straight up and out of view. Move the bottom text layer (alien text copy) straight down and out of view. A keyframe is automatically set on both layers since the stopwatch is depressed. Right click on both of the keyframes  and go to keyframe assistant>easy ease out

For some added effect, toggle on the motion blur. That’s it.. here’s the final: