I guess if I wanted to be a smart arse, I would answer
Yes, its called a burst, thousands and thousands have been made...
really, you could burst out to black like on many Fender models that would hide the seem completely. There are a few tutorials on the main page. Do you have spray equipment?
I see on your other post that both the top and bottom pieces are the same thickness, might be hard to bind that deep down.
But also, many guitar don't hide that maple/mahogany seem at all and it look great. Plan it out and you should be fine. Pics?