Great minds must think alike, CM. I was going with a play on the word "Picnik" and paint the bike in a food-y color, either a nice guacamole green or a orange creamsicle color. Since you've got the quac, I'll bring dessert...
Is the stem and handlebars from another Picnik or did you fit something else to it? I also see that yours has a bracket for a rear set of calipers, unlike monsterpile's bike and mine. Does it have a coaster brake as well? Just curious. I also really like the whitewalls, that sets off the look just perfectly.
Scott