There is no right or wrong way to do this. What I used

Studs, plyers, different colored paints, leopard material scraps, paint brush, and scissors

First i studded the collar of the jacket

I started painting all over the jacket, with bands I like and random doodles. Once it has dried flip the jacket over and paint on the back.

After the paint is completely dry, take the plyers and scrap at it. This will make the paint crumble and chip.. to give it an old look.

I cut up some random scraps of leopard and sheer material and glued it on.

Now you have a vintage inspired new punk jacket... and no one can tell the difference! People ask me where I found it all the time!