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Thanks dv8! Although I had some trouble with the technique in CS6. I had to be doing something wrong! When I did step 4 the whole thing was deleted.
Here's what worked for me though!
Select the Polygon Tool.
Click the gear Icon in the tools option bar.
Set to star, and indent sides to 60%.
Set the number of sides to 72. This is just like dv8 described.
View attachment 43285
Now create the Star shape. I centered the shape to my canvas.
Select your Elliptical Marquee Tool, to center the selection and make it round, hold the alt/option key and the shift key at the same time and create an elliptical selection by starting at the center of the star. This step is just like dv8 did.
Hit SELECT > MODIFY > FEATHER, then feather the selection (50%) just like dv8 did.
Then click the add layer mask icon located at the bottom of the layers panel.
View attachment 43286
View attachment 43287