(http://content.screencast.com/users/GFLK/folders/Jing/media/f5306ce8-5c3c-492d-ac2d-d0f94bcd8d4b/2011-08-20_1134.png)
The texture's applied...
but the UVs are screwed up...
(http://content.screencast.com/users/GFLK/folders/Jing/media/dd1e9462-ef9e-48a9-b2da-1911b2df3a33/2011-08-20_1138.png)
HELP
.
Select the shield, press Alt+X.