Heres me attempt:
I was after a sort of scanned in from an old magazine effect.
- Cropped the image to give the bike more focus, and give it somewhere to head to
- Tweaked contrast and saturation to bump the colours up
- Duplicated the original layer
- Sharpened the original picture with a fairly high USM
- Applied the threshold filter to a duplicate of the original layer try and level out the image a bit, lowered the opacity
- Duplicated the layer again and used the Colour Halftone filter to add a magazine print dot effect. Lowered the opacity to make it less visible
- Added a new levels layer and lowered the sliders to darken the image considerably. Used the mask to draw in an oval, basically to darken the corners, Lomo style
- Painted over the water splash in white on a seperate layer, used the motion blur filter in the direction of the splash, and then lowered the opacity - to whiten out the water splash. I thought they looked a bit like wings for the cyclist in a way.
There were a few more steps than that, but only minor ones. The PSD is available if anyone wants a butchers.