Measure one cup of satin finish paint and two cups of glaze into your mixing pot and stir. Now add water a little at a time, stirring well. You want a consistency that's a little runny but still adheres to your brush.
The proper consistency of the glaze mixture is important—it has to be thin enough to allow the basecoat to show through.
If you have a large area to cover, you can double or triple the amount of the paint and glaze mixture, but it's easier to work with a small amount at a time—it creates less waste.
Brush the paint and glaze mixture on the surface allowing it to collect in the cracks, crevices, and corners. Wait for the mixture to dry a bit — it will begin to dull in appearance. Dampen a piece of lint-free cloth with water and begin wiping off the mixture in long, even strokes, starting at the center and moving out towards the corners. As your cloth becomes too wet, replace it with a new one. You can remove as much or as little glaze as you wish, depending on the effect you're trying to achieve. If you find you've removed too much, just apply more paint and glaze mixture and start again.
For different textures and effects, try using rolled-up plastic wrap, newspaper or cheesecloth to wipe off the glaze. Cheesecloth accentuates the wood grain, while crinkled newspaper and plastic wrap marble the surface. You can use a towel to create a "scratched" effect. Allow the surface to dry completely.
If you want to add even more of a distressed appearance, try wearing down the surface of the wood with sandpaper, shave sharp edges with a knife or poke wormholes into the surface with a nail.