Every guitar player has a story about that first guitar - usually a huge piece of crap.
Guitar World has a cool feature up now where famous guitarists talk about their first axes. Among others, the page features Dave Mustaine, Kerry King, John Petrucci, Joe Satriani, Max Cavalera, Alex Skolnick, Down, In Flames, Exodus, Nuno Bettencourt, Death Angel and plenty more. Check it out here. It's definitely interesting for both players and fans.