OK, this one was lots of work.

This was taken from Rosie's Word Play tutorial (no longer available) for Ulead PhotoImpact 8 and Ulead GIF Animator 5, but I used only GA 5. The wee little tiles were duplicated from one original tile. A shadow was added to the tile for a nice touch.

The complete text was made, then split, and each text object combined with a tile as a single object.

The rest is positioning and timing.