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Find the right font to replace your text with. Type and place your font, then rasterize it. Use "Free Transform" to adjust, angle, and place the text. Use the "Liquify" tool to hand rotate, twist, and bend text to fit the final object.
If you know the font or want to choose your own, you can simply add it in now by pressing "T" to bring up the Type Tool. However, if you want the exact font, you'll need to do a little digging. You can  download fonts for free online and add them to Photoshop (as .ttf files, most commonly). You can also look up specific fonts using the website WhatTheFont, which finds a font in the image you uploaded. While most fonts need to be tweaked, a simple replacement job might be done as soon as you type in your new font. Select the right font, color, and then write out the text. Place it roughly where it needs to go, then right click on the type in the layers pallet and select "Rasterize Type..." Rasterizing type makes it easier to adjust. However, you can no longer change the actual words once rasterized, so make sure everything is spelled right. To get to free transform, make sure your next text is selected in the layers menu. Then press Ctrl+T or ⌘ Cmd+T to transform the text. You can also select "Edit" → "Free Transform." This box allows you to resize the object, but that is not all:  Click on any point to change the size of the text from the point. Hold ⇧ Shift to keep the total proportions the same while resizing. Hold Ctrl or ⌘ Cmd while clicking a point to pivot or angle that point, allowing you to give the points perspective. Hold Alt or ⌥ Opt to stretch, squeeze, or flip the text. Say, for example, that you want to replace text around a soda can. Getting the exact bend is going to be impossible without some finer control than "Free Transform" can offer. Instead, open up "Filter" → "Liquify." From here, use the brush to slowly curve the text exactly how you need it.  Make the brush as big as possible to adjust the entire block of text at the same time. Lower the brush pressure for more subtle effects.