Can you teach yourself paint and body?

I was thinking about trying to learn how to do some paint and body work myself. I would not try it on my current car but maybe by a 1960's Mustang for practice. It seems like there are a couple of cars out there that are just a decent paint job away from being really neat cars. I am sure this could turn into a money pit. Are there DVD's out there that anyone could recommend?

i'm going to be doing the same thing on the 86 LX and 81 bronco i just picked up. it does help that i have access to a paint booth though. just have to bring materials.