Yes, you can do that in Unity. The only slightly tricky part is getting the text on a cylindrical surface. A couple different ways:

1) Use 3D text, one object for each letter, and rotate as appropriate. See this Unity web game for an example...game over has a line of text in a cylinder shape. Also the beginning has lines of text rotating around a cylinder.

2) Render the text to a texture and use that on the glass cylinder appropriately. (Unity Pro only.)