It was published a new set of online text generators dedicated to create nice lava text effects. These lava renderers were incorporated to a software called Online Text Effects.
Using these new online text makers along with some interesting font faces, it's possible to create awesome results. Below you can see an amazing example created by using one of these new lava effects. It's a very nice dropping lava text effect. The lava is guided by the font shape (despite its intrinsic randomness), so the image has a look like if the text itself is made of lava.
You can surf directly to the Lava Text Effects section (it's useful, since the whole page has tons of text effects). Select a lava text to play with and enjoy!