The skin or the hair? I have heard of almost everything, but doing the skin would be a new one for me. If it is hair, I thought the thing to do is waxing. (For a hilarious rendition of waxing, rent the Sacha Baron Cohen movie "Brüno".)
If the skin, I guess that would be the next step in going blond. First the hair on the head, then bleaching or removing the nether regions hair, then the skin. Somehow I think that would look rather weird on blacks and latins.
Wychic -- that would be REALLY skimpy.
Wonder how long this Q will last? :-)