I think interlaced means the edge white part of the file with be transparent if they're not bordered.
Anyway....
I like the concept
Not necessary original but, I like the basic idea. What you need more is applying more layer effects, like using the layer blends.
But it's pretty good for the start.
EDIT: Now that's even scarier, LMAO.
But I think the color is a bit... eyes-hurting. Sorry.
Try to study more about applying effects by searching for photoshop tutorial. <3 Google.