After this tutorial you will know how to save your own created layer style and re-use it.
Well before you start this tutorial you need to download the .psd file from another tutorial i did Link for Tutorial - Link for .psd
Ok after you downloaded it open it and we can start.
1) First select the layer style you want to save ( just select the layer where the effects are applied on )
2) Now goto your style's tab
3) Click on the second little icon
4) Now this window will appear give you style any name you want to
5) After you saved it create a new document and draw a rectangle
6) Now once more goto your style tab and scroll down to the bottom this is where you style will be shown
7) After you clicked on your style the rectangle will look like this
By saving your styles you can apply precisely the same effect over and over again this comes in handy when you are creating a template or a complete website.