Create a new layer and make a shape like the image below. I made this shape red so that you could see the shape of it but fill your shape #f1f1f1
Duplicate this layer and add this Pattern Overlay to this second layer
Create a layer mask from this layer (circle inside a square icon) and erase away the pattern around the edges of this shape.
Create a new layer underneath this shape and add a bit of a shadow with a 15px soft round brush (color: #dbdbdc Flow: 100%). Also reapeat this same step but place it above this shape layer
Create a new layer and with a 58px soft round brush Flow: 25% Color: #e5e5e7 paint around the entire lining. Make sure to leave some areas white.
Create a new layer and with your pen tool selected make a line around the lining. Again make sure that your pen tool is set to 4px hard round brush #2f2f2f. Make your line and right click on the line and select stroke path.
Now we will add some highlights to this line. Create a new layer and with a small soft round brush #ffffff, paint in some highlights on the line. Then make this layer Opacity: 63%
Step 24 Rings
Now we will create the holes or the rings that the shoe laces go through. Grab your Elliptical Marquee Tool and make a circle. Note: I like to hold down the shift key when doing this so that I get a even round circle. Fill it with #ffffff
Step 25 Contract the selection
Select>Modify>Contract then click 'ok'
Press your delete key to delete the inside of the circle and apply these layer styles
Duplicate this layer and place it adjacent to the first ring
Repeat these last couple of steps again to make the circles but this time contract it by 2px instead of the 3px and duplicate this ring several times
Now we will create the inside of the shoe. Grab your pen tool and make this shape and fill it with #ffffff
Create a new layer and with 26px soft round brush #b9b9b8 paint on the inner lining like so. Change around the Opacity to create different shades. Erase the unessary areas
Create a new layer and with a 8px soft round brush #ffffff, paint along the outer edge primarily at the top
Go back to one of your ring layers and duplicate it and place it on top of the inner lining of the shoe. Erase the part of the ring that overlaps the shoe.
Create a new layer underneath this silver ring and paint a dark shadow underneath using the paint brush tool. Don't use black but use a dark gray color.
Step 34 Converse logo
Create a new layer and with your Elliptical Marquee tool make a circle and fill it with white
Create a new layer and with a 46px soft round brush #d6d4d4 shade in the circle. Erase the areas that go outside the circle
Create a new layer and name it 'Star' and grab your pen tool and make star shape and make a selection of it and fill it with #2a355d
Step 37 Stitching
Create a new layer and with your elliptical tool make another circle a little bit smaller than your last one