I was inspired by the toy Barbie Geetar from the sixties. I followed the color scheme which was mostly red with a lot of thick black outlines. I painted a party version of myself and sprayed it with clear lacquer. I glued gems on the volume and tone knobs.
Since the pick ups control the tone painting the body did not affect the sound, I wouldn't do this to an acoustic guitar unless it was going to be wall art.
With adhesive film it's more easily to make your guitar look awesome. :)