I've tried this nail design two times, both turned out pretty great and both got lots of compliments, or at least a comment of, "Wow, those are crazy nails." I think I still have a long ways to go to get them perfected. Both pinkies turned out funky, but with all the fun colors I don't think it's a problem.
Rather than show you step by step pictures, I'm going to put the video that I learned it from below. This is the girl I get a lot of ideas from; she's just good at explaining and has lots of fun ideas.