A. There is an excellent article written about this very topic available here. There is another excellent page about do-it-yourself rattle-can paint jobs that look pro here. (be aware that this second one is a "tripod" site and you get those irritating popup windows all the time. I advise you to turn on your pop-up blocker for this one!)
Additional Information: There is a site here that sells supplies to "graffiti artists" that has some interesting things like different spray nozzles, pint pens that write underwater and through grease, and more odd things. It's a good resource if you're going to try to paint the old Virago yourself and want something more than a so-so just-like-every-one-else's paint job.