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I like the effect. You did a great job!
Your dispersion is nice. But the jellyfish?
Very slick image! I especially like the strategic use of the dispersion effects. Did you make those using a brush with the proper brush tip and jitter settings?
Best of luck in the contest.
I like the effect but be careful with how the t-shirt is going to print out. Sometimes the way it comes out is nothing like what you would expect. For this there are WAY to many little dots in, and out of the text. It will be very hard for the t-shirt to come out exactly how you would like it.