You can wrap text around a shape. Is that what you mean?
If you want to wrap lines or paragraphs you can do that manually by selecting the text layer and choosing the move tool. Then click inside the box to edit.
Thanks for respond, but it is not what I am looking for.
Adobe 9 or previosly version had tool name WRAP TEXT. By this tool can make different style such arc, arch, flag, wave, fish, rise and more. every style you can distortion in any ways.
Now on Adobe 11 I can`t find same tool.
A lot of THANKS for best answer!!!!!