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And for the last time...The funky, colorful, swooping, blurs of light you see so much of these days is not called 'Filtering'.
Filters are TOOLS. In photography, the photographer puts on an orange tinted 'filter' on the end of his lens to make the scene warmer.
The PHOTO is the end product. Not the filter. You wouldn't look at that photo in a gallery and think 'Hey. Nice filtering.'
Same thing here.
I've seen them referred to as 'abstract swirls (my favorite), light blurs, etc. Soompi is the first time I've seen it called 'filtering'. And amazingly, and perhaps unfortunately, the name seems to have stuck.
Makes me wanna throw my wiimote at someone.
I couldn't agree more. When I first came to Soompi, it never occurred to me that lines could be labeled by a menu in Photoshop O_O;
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I tried to mimic what you posted, and I got this:

I made a new layer over my image, took a default Photoshop brush (a rough one, not one of those hard-edge circle ones) and drew something that looked like a jagged hole.
Then I went to blending options > inner shadow and tweaked the settings. But you can basically leave the settings to default, it wouldn't look much different.
Under that layer, I made a new layer and took the same brush and drew a slightly bigger hole.
And that's about it aha. It's not very genuine-looking, but it's the same concept.
Apologies if I don't make much sense @__@ (It's 1 AM rofl). If you want a more detailed tutorial, tell me and I'll write one for you ^^