Photoshop :: How Can You 360 Degress Globe Effect?

You know those fish eye lenses which can make completly 360 degress images.
How can i make a 360 effect of a normal image.

For Example:

Take this image for example - i would like to make the 360 degrees fisheye lense effect on it.

Like so - but using all the elements of the image (here i just used a fisheye lense image)

Yes i know about the liquify lense enlarge mode - but that wont do it.
In my mind i think youd atleast have to layer copy the image 4 times, rotate them facing opposite directions - then merge them cleanly and then may just maybe lense zoom them.