We tested the urban legend of painting a car with less than $50 of equipment using Rustoleum paint and foam rollers on a fender of Justin's old 1950 Dodge Cornet.

The original idea for this came from a message board post here: moparts: paint job on a budget!? 

We also found some good information at the Instructables website

and an entire forum dedicated to this method - Rolled On.

We mixed Sail Blue and White to get a light blue shade.       

 Next, we sanded the bondo and rusty parts of the fender.

Then, we rolled on the first two coats of paint thinned with mineral spirits.

Here is the final coat before we did the last wetsanding and waxing.  It looks pretty good!