Please bear in mind that I know next to nothing about guitars. Seriously.
That said, today’s Stupid Deal of the Day at Musician’s Friend is a Epiphone Les Paul Red Royale Electric Guitar in Red Pearl for $299; that’s about 35% off their regular sale price of $450. I know the name Les Paul, and I know that’s a very pretty instrument, and I know it’s a good sale. Whether or not it’s truly a great guitar, I’m not sure. (I found this review page, which seems promising both in terms of positive feedback on the instrument and this being a killer price.)
So if you’re in the market for a deal on a nice red guitar, enjoy. If not, that’s okay.