This is a fairly easy project to make most any bike standout. The parts won't set you back too much to make this show bike. Lots of bling can be added as you go along. Mostly it just takes time in bits and pieces but well worth the effort.
One older bike single, speed is easiest with rims that you can get fancy tires for.
I started with English made 1958 Rudge which had 26" x 1-3/8" tires. These rims require tires that go on English type three speed rims. I swapped the rims for rims that fit 26" x 1.50 tires. Also the rear rim was from a 12 speed bike that I installed a single track gear on and a year latter exchanged the rim to one that had a a coaster brake hub on it. For more fun install a 2 speed kickback coaster brake.
The cloth was plaid but you could use anything made of cotton like material with a pattern, maybe paisley
Phenosil Transparent Caulking (At your local hardware store. This is what I used as glue.)
Rattle can spray paint for painting frame parts and rims
Paint for pinstripe (optional)
Assorted bike tools that you would need to dismantle a bike with and then some (borrow if you must)
Single edge razors (like what painters use)