Taking a $20 Longboard and Making It Worth $100

Most of the actual information is in the picture annotations.

Step 1: Sand All the Paint Off.

If you don't want to sand it all off, you can just use a sheet of sandpaper and rough up the surface uniformly (I didn't because those little red stars were screened on, as opposed to painted).

Step 2: Detailing the Sanding (Plus CLEAN-UP)

Always clean up after yourself.

Step 3: Painting (Primer)!

Prep for painting by:
1- Clean the surface of whatever you are painting.
2- Set up in a well-ventilated area.
3- Hold your breath (or get a gas mask).

Step 4: Painting! (Color)!

Set up the same as the last step.

Step 5: Painting (Clear-coat)!

There's no pictures because I think you get the idea. Use the same process, but do as many coats as you can (until you run out of paint).

Step 6: Re-Gripping Our Board!

I ordered my griptape from amazon.com, but your local skate shop should carry it as well.
There are MANY tutorials on youtube.com on how to griptape a board, so I would suggest watching some before you do this.

Step 7: Carbon-Fiber Vinyl on the Trucks for an Awesome Effect.

You can get this carbon fiber wrap here: http://www.amazon.com/gp/product/B0059XCVVO/ref=oh_o04_s00_i00_details
There are MANY videos on how to wrap an object with vinyl, so I would (once again) suggest youtube.com as a resource to see how I did this.