Ugh. My rig for recording is fucking huge....
I start out by writing the song on my guitar. Coming up with melodies and whatnot, arranging and blah blah.
Then I use FL Studio for the only thing it's good for, arranging drums. I use Addictive Drums. It was alot to fork out the pocket for it, but it sounds just like a real kit... Really good for my drummer to practice too and whatnot.
Then I go to my actual mics and gear. I use a Tascam DP-008 and the Mxl 990/991 kit. I record the drums to the FL drum track, so I know exactly what I have to play and at what tempo. I mic the kick with the 991 and I use the 990 as an overhead. I put it right over the snare to capture the snares sound best I can, while still catching the rest of the drums. I'll eventually upgrade this

For guitars I just record two tracks, one left and one right, and hard pan them. I know 30% is the standard, but hey. Whatever xD I record the bass with the 990 and then I record keys with my cheap little yamaha DX-1's midi output. I use a whole bunch of VSTi synths, and I run them all through my monitors. If I do vocals I record them with the 990, pop filtered, and L/R 20% pan.
Then I export the tracks to pro tools for EQ'ing and mixing.
And then....
http://www.newgrounds.com/audio/listen/384802Yeah