Blood Splash
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In order to demonstrate the Blood Splash stencil, let's start with the lettering "Bloody Airbrush".
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First I'll think about where to position the stencil. Then I'll spray an upwards running shadow onto the lower edge with diluted gray.
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Next I'll move the template a bit to the left, put it on top of the previous spraying result and add a bit of red. I'll leave a bit of space so that the effect will become more visible.
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I'll do the same with the other blood splash patterns on the Mylar sheet and I'll try to obtain a good distribution of splashes around the lettering. In the centre of each splash I'll spray the paint relatively thin. This makes the splashes look more realistic.
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With an eraser pencil I'll remove about 70 % of the color on the upper edge of each blood splash in order to indicate a slight reflection.
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Then, I'll remove it completely with an electric eraser, so that the reflection becomes even more powerful.
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For the last step, I'll use a black crayon on the lower edges of the blood splashes in order to soften the hard edges of the spraying a bit. This way, the splashes are visually connected with the surface and don't look like they're simply stuck on.
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Here you can see the finished blood splashes. Of course you can use the Blood Splash stencil not only for "blood", but for splashes of any kind and color.