Using a roller brush, apply 3 THICK COATS. WARNING: If you only apply one coat, it won't peel easily! Thicker is better. Be generous - paint a base coat and wait 5 minutes or so between coats 2 and 3. TEST it on a small section of your hood to make sure you've got it thick enough to peel easily.
Dry time depends upon the temperature, humidity, and available sunlight. For fastest dry time, dry in the sun.
You're protected against rock chips, tar, road rubber, you name it..
Peel in the shade at 55-70 degrees (NEVER the sun). Your paint MUST be completely cool. Start with an edge on the perimeter of your protected area. Apply even tension and pull gently close to the paint. If you applied 3 coats, it will peel easily. If you only applied 1 coat, it will fracture and leave residue.