Erm... Actually not. Manufacturing one yourself (out of washing-up bottles and sticky-backed plastic) is still illegal according to t3h bill. Thus it suxxorz, etc.
"(1) A person is guilty of an offence if— (a) he manufactures a realistic imitation firearm;" -Zee VCR-Bill
no subject
"(1) A person is guilty of an offence if—
(a) he manufactures a realistic imitation firearm;" -Zee VCR-Bill
And so on, so forth.