WD-40 & customs & Joes

So... I've been reading anecdotes of the myriad of alleged uses of WD-40 and I was wondering if it can act as a topcoat or sealant (especially at the joints)?

Or if it can be used as a solvent to remove or strip custom or factory paints?

Or maybe, since it is a "Water Displacement" formula, maybe it can be used as a quick drying agent for acrylic & water based paints?

Does anyone know if it has any negative effects on paint or plastics?

- JM

If you have a family dollar their is this stuff called awsome it will peel the black off of you if you get on you.

I use WD-40 to remove sticker residue.
It works fine and afrter washing it off with dish soap its not greasy and ready for paint