How I Do Speech Bubbles in Photoshop

This is a real quick tutorial knocked up as a reminder - obviously I'd normally be paying a lot more attention to exact positioning, font sizes and line thicknesses, spending a sickening amount of time selecting the wrong pen tool.

Font wise, I'm using Digital Strip, free from Blambot here, but in this particular comic, I'll be looking for something more European, maybe in proper case.