@Shaox: Nice work! Hahaha yeah I hate sanding. Dyeing was fast for me since I did a simple colour. Anyway, I found a way to do fade from dye to natural, by sanding off. By applying more dye (assuming it hasn't saturated yet) you can get a gradient.
For Jeeper's drums, what if a filler or something is used first as a base? Like sand it really smooth, use filler, then paint over...
@Jeepers: On PDF there's a thread in the uni section on doing glitter finish. Apparently it's really difficult and time consuming. Also, I'm going to be wrapping my spare Pearl Target snare with some fabric that I'm getting. I'll post it once I actually get the fabric and work on it. This one is for practice, if it works well I'll try it on a higher end snare to use as my main snare.
I've seen a lot of people rewrap with all sorts of things. I've seen wallpapers, even checkered cloth and stuff.
The easiest way would be to get something to wrap the drums in. Just be creative, it can be anything like what threadstarter said. Could be wrapping paper, tablecloth etc..
The idea of physically using paint is not impossible, but it would be very very hard. I would imagine using maybe acrylic paint and apply a thick layer, or multiple layers. On top of that, you would want to sand it down. This sanding wouldn't be possible to do manually and you'd need a professional sanding block. Theres a lot of work involved.. best leave it to the professionals haha.