I am making an electric flying V guitar cake and will be covering in fondant.  I'm curious how best to cover the sharp V points.  I don't think panels would be best as I want a smooth coverage overall.  I'm thinking I will have to make a slice at the V points and then press together there? Any advice will be most helpful.  TIA!!

I would do exactly as you suggested, split the fondant at the point of the V, cut out the excess and press together.  Since the seam will be inside the V and upside down, it will never be seen.

yes what sandra said -- there's no real problem if there is a smooth mitered seam at those spots anyhow but that's just my opinion --

overlap the fondant and cut down cleanly through both thicknesses -- remove the excess like sandra said, rub it a bit and the seam will be flawless --