For your first go at it, i'd reccomend "laurel mountain forge barrel brown and degreaser" which you can order from brownells. follow the instructions to the letter and you will get good results. make a thrifty boiling tank out of aluminum rain gutter with end caps siliconed and rivited on, and you will get great results. Here's the instructions;
http://laurelmountainforge.com/barrel_brown_inst.htm
I didnt take enough pics, but here's my last project, a cooey ranger i did for the heck of it. A really half azzed job i must admit as i didn't have the time i needed to do a really nice job and it was kind of rushed, but it was mainly to conceal the metalwork i had done to it.
Sorry, photobucket wont let me resize at the moment, but when it does ill come back and make the pics smaller.
Rusting
Boiling
Again, i half ased this one and used a turkey burner rather than a series of colemans. I dont yet have electric elements, but the turkey fryer works just fine as long as i stir it around a bit.
Notice the golfing pencil barrel plug...
The finished product
Carding was done with degreased 0000 steel wool, afterwards i soaked it in boiling hot USED motor oil for a couple days to impregnate the metal with carbon to "seal" the blue.
This picture shows what happens if you get too heavy handed as i did with the trigger guard. It formed a very slight coppery look and would not fully blacken. thankfully it was the only part that this happened on and it was easy enough to re-do. but be warned, go VERY gentle when applying the rust activator.
And yes i know, as has been pointed out before, I do really nice work refinishing stools also.