How to make a cutout/PSD
Okay, start first with any image, I choose this one.
Now, you don't want to do it from far away, it won't be accurate. So zoom in by 5 steps.
Next choose your Lasso tool and set it exactly to my settings.
Select little sections at a time and cut around the image, don't try cutting the image out, cut the background! The feather will make it look like its cutting in to much, but its not. It will make the line better and smoother.
Now delete that section and make sure the color is a odd color, like lime green, so when you select it later and invert none of the psd is selected.
Now when you do the whole thing...here you go.