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Shapes in PowerPoint can accept text, and a circle with text but no shading resembles a line drawn around a word. This method aligns text within the circle, creating a clean, professional design.
For text to overlap in PowerPoint 2007 it has to be entered into separate text boxes. If you think of each text box as a sticky-note, you can envision how PowerPoint works with objects.
Learn how to draw a big red line around important text for emphasis on a PowerPoint slide.
In Microsoft PowerPoint, you can fill an area of a shape or text using the gradient fill in the Shape Format pane. Learn how!
Please don't squeeze a ton of text into your slide; don't go special-effects crazy with flying text. It may enhance your PowerPoint but not your point.