How to Repair Xbox 360 Red Light Fix and Save $200

Playing Xbox games can be quite a high. A better high would be repairing the faulty consoles that create a problem. Since Xbox 360 consoles have a common ongoing issue of the three lights and overheating, wouldn't it be better, if you were able to tackle the problem on your own, rather than shipping it off to Microsoft and waiting endlessly for the console to be in working condition again?