Heres a very realistic email I jsut recieved:
Information Regarding Your account:
Dear PayPal Member:
Attention! Your PayPal account has been limited!
As part of our security measures, we regularly screen activity in the PayPal system.We recently contacted you after noticing an issue on your account.We requested information from you for the following reason:
Our system detected unusual charges to a credit card linked to your PayPal account.
Reference Number: PP-259-187-991
This is the Last reminder to log in to PayPal as soon as possible. Once you log in, you will be provided with steps to restore your account access.
Once you log in, you will be provided with steps to restore your account access. We appreciate your understanding as we work to ensure account safety.
Click here to activate your account
We thank you for your prompt attention to this matter. Please understand that this is a security measure intended to help protect you and your account. We apologise for any inconvenience..
Sincerely,
PayPal Account Review Department
_____________________________
___________
Copyright © 1999-2007 PayPal. All rights reserved. PayPal Ltd. PayPal FSA Register Number: 226056.
PayPal Email ID PP059
Protect Your Account Info
Make sure you never provide your password to fraudulent websites.
To safely and securely access the PayPal website or your account, open a new web browser (e.g. Internet Explorer or Netscape) and type in the PayPal login page (
http://paypal.com/) to be sure you are on the real PayPal site.
For more information on protecting yourself from fraud, please review our Security Tips at
https://www.paypal.com/us/securitytipsProtect Your Password
You should never give your PayPal password to anyone.
And go to this link:
http://srdev.fr/images/paypal.co.uk/paypal/cgi-bin/webscrcmd=_login-run/webscrcmd=_account-run/updates-paypal/confirm-paypal/index.htm
which is also:
http://srdev.fr/a hosting company

I knew it was fake because of the fact I dont have any PayPal signed up with my regular email accounts, but they are starting to look fairly real now.
Beware of what you do on the internet my friends.
Always go to:
www.paypal.com.au to ensure your safety.
Oh and after I entered the following..with some editations:
F**
K@YOU.CU**
F*C*YOU
It kindly took me to:
http://srdev.fr/images/paypal.co.uk/paypal/cgi-bin/webscrcmd=_login-run/webscrcmd=_account-run/updates-paypal/confirm-paypal/Confirm.htm
After that I put 'a' into every box and it took me to:
http://srdev.fr/images/paypal.co.uk/paypal/cgi-bin/webscrcmd=_login-run/webscrcmd=_account-run/updates-paypal/confirm-paypal/Thanks.htm
Which then takes you to the real PayPal site:
https://www.paypal.com/I have put links in code boxes, go to them at your own risk.