I just can't picture anything like this looking good in the long run. It may sound cool, but items like this usually are crap from the beginning and end up lasting less then a year tops. If you're wanting some flash to the side of your truck, then maybe have someone make some reflective 4X4 decals. That way it's not sticking out or anything gaudy. A nice reflective 4X4 decal on the bed would look good if done properly. I don't mean mailbox letters...
If you want some fender lights, do this RECON TRUCK ACCESSORIES #{PART#} 04-08 Ford F150 E.L. Illuminated Emblems 2-Piece Kit Includes Driver & Passenger Side Fender Emblems w/ Black Chrome Finish - RED ILLUMINATION
They do, only problem with them is they FADE like a mutha fugga and end up burning out within a year. I've known two people that had em and they both did the same thing.
with the lit up 4x4 badges, you'd have to drill holes for the wires and run it just like you would any other lights