This effect was generated in Filter Forge, a Photoshop plugin that allows you to create your own filters.
This is another 'spawn' of 'the Monster', my rather large, unreleased filter.
This one does a bit of distortion and noise and may 'break' on non-square images due to the profile gradient.
I've also added a blur and a way to merge the effect with the original image, if desired.
Craig Kraellin Walters monster spawn noise profile gradient non-square image distortion blur