So you would like to do more with your electric guitar? The GUITAR-JO may help. It is an innovative guitar accessory that makes your electric guitar sound like a Banjo. It is pretty easy to install too. Simply slide the mounting foot underneath the strings, perpendicular to them, line up the 6 dampening pads with each guitar string, adjust and tighten the screws, and you are set.
The current version is compatible with guitars that have a flat surface underneath the strings. This fun project is active on Kickstarter at this time. More info is available here.