#1
I was thinking about taking the paint off my crappy strat copy and repainting it.
how would i go about it?
#3
Check the refinishing thread.

But basically, it's:

Strip, with sandpaper, unless you can find a chemical stripper or have a heat gun
Re-seal if you have to
Prime
Sand
Color coat
Sand
Clear coat
sand
more clear
sand
buff/polish


Not too challenging. The most important part is patience. Other people will be able to help you a lot more.
Gear:
Schecter Stiletto Custom-5
Epiphone SG; EMG 85/81 pups
Schecter 006 Deluxe; SD Duncan Distortion Pups