The After Effects: Effects A-Z tip series from Motionworks continues with guest host Eran Stern on the CC Blobbylize effect that ships with After Effects. Eran has two sections in this quicktip: how to create a liquid effects and how to create an easy but realistic displacement map for text.
There's not many other resources that demonstrate this old Final Effects plug-in. AEtuts hosted Create an Underwater Scene (with Particle World,Blobbylize, Fractal Noise, more) by Eddie Bogdanov, which was mimiced by a video version, Create an Underwater Scene — After Effects Tutorial from Richard Williams on Vimeo.
Another AE filter that also features blobs is CC Mr. Mercury, which Chris Meyer featured in Playing Squash: Blobby Text Effect for NBC (now on PVC). Andrew Kramer also featured Mr Mercury in his tutorial Water Drops.
For a list of episodes in the Effects A to Z series, see the old AE Portal.