I'm not going to insult your intelligence by doing a step-by-step DIY, but essentially, I scuffed up the plastic with sandpaper, painted many many coats of the pink acrylic paint (letting it dry between each coat) and then covered it with gloss-finish Modge Podge (my crafty lover). Now, since doing this, and perhaps because I busted out the Modge Podge, I was thinking you could always stick a picture/stickers/perhaps even some lace, in between the last paint coat (applying while still tacky) and the Modge Podge. A bit of a decoupage, if you will. (I may have spent an entire summer doing this with magazines and small cardboard pencil boxes from my then employer, gifting them to friends before we all took off to college).
I did this while my husband was out, and when he came home he seemed a bit scared of my doings...however, I have to say, it's been 4 days now, and it hasn't chipped at all. I also haven't dropped it yet, so things may change