[General Cobra]

Open a transparent texture up in Photoshop 7 or cs. If you don't have either then don't bother in my opinion. Notice the little checkers in the transparent part. Now goto open> new. Under the properties check off transparent background. Make your texture. Save it as a .tga extention and 32 bit. Now find the shader for masked textures and check it out. Some are culled and not culled. Meaning you can see it the same from the other side as the front.