But this one has got to be the easiest yet, and it doesn't look too bad. I purchased a 1 metre length X 1.7 metre width fake carbon fibre wrap (generally used on car bonnets) for $25 from a car detailing shop in Yishun.
It took about 30 minutes to cut out the right size and stick it on to the telescope tube (the wrap is self-adhesive). It doesn't look bad at all!
I then poked holes in the wrap for the screws using a hot soldering iron (although I had to manually cut out the focuser hole with a box cutter).