What Ego replied with is what I want to do. I'll try that now! Edit: Ok, quick update. I tried that, and it didn't work. So instead, I ignored the added layer and decided to type my text right on the image layer. Worked like a charm on the main layer. I forgot to change the layer properties. Thank you guys/gals! Edit2: Difference, Negation, and Xor all do this effect. I added this edit for anyone needing to know what modes will do this.
I can't for the life of me figure out how to do this. I'm working on a black/white image that I'm going to transfer to a vinyl cutter. Basically, what I'm wanting is to be able to do is type text on top of black with white, and as soon as it exits the black area, the text turns black on the white background seamlessly.