Originally Posted by DerekJ
You can paraffin dip, but don't melt using flame burners, almost burnt my parent's house down when I was still living at home...
Paraffin dip is more for stabilizing inside components (magnets, bobbins, etc...) so that they don't create noise by physically vibrating.
I've lined many Tele and Strat cavities with copper shielding. It helps some, in certain situations; usually better than not being shielded, I've noticed. I've never heard of wrapping the pup, and I can't imagine that would be better. And if you're going to lose tone to boot after all that work, it sounds like a loser.
What you need to do is create a completely enclosed conductive metal case for pots, wiring, switches, everything, and ground it; that'll be as quiet as it's going to get. Some people even run a bead of solder along the seams to be sure of no gaps. Replacing pots, wiring and jack with top quality also helps. Stew Mac sells conductive copper tape that makes the job easy, 180" x 2" about 20 bucks.
That Fralin thing looks cool. I think I need to try that!