Thanks to inspiration and some coaching from RiverRat, I have completed my version of Alligator on a Budget. Thanks, man!
With a $100 Squier (Hurray eBay!), lots of sticky stuff (stickers and reflective sign vinyl), and some local music store knobs and things, "Alligator on a Budget II" is pretty much complete. Somewhere down the road I might upgrade the stock pickups with something half-way decent (GFS or the like).
This thing is not even a quarter the master work, aegert on strat-talk.com, is constructing. If you haven't seen it- you should.
Well here are a few pics of it. Incidentally, right now, it looks better than it sounds.